Latest Deloitte Research Shows Warming Interest in Blockchain Among Corporate CEOs

Deloitte has already taken steps to become involved with blockchain. The company has ditched Ethereum, adopted VeChain, and is looking ahead at overtaking bitcoin transactions.

Director and Consultant Cillian Leonwicz shared in LinkedIn about a week ago:

“We wrote more transactions than Bitcoin over the weekend by migrating our client work from Ethereum to VeChain – we managed to execute 20+ smart contract transactions per second. This is a massive achievement for our EMEA Blockchain Lab, VeChain and the DNV GL platform. We are #makinganimpactthatmatters and rolling out blockchain in production.”

According to Decrypt Media, Deloitte recently released new research with some key findings as to blockchain technology. The key findings come in the form of survey results, some of which are as follows:

  • 83% of respondents reported that their organization views compelling use cases for blockchain. This is an increase from 74% last year. The compelling case may arise from security and privacy benefits.
  • 53% described blockchain integration as a “critical priority” for their business. This is an increase from 53% last year
  • 48% expressed a willingness to invest over $5 million in blockchain projects. This figure is the same as last year.
  • 86% reported that they were certain the technology would achieve “mass adoption.” This is up 2% from last year.
  • Despite the foregoing, under a quarter actually plan to implement the technology

The article reports Deloitte as saying:

“What has emerged is a shared recognition that blockchain is real—and that it can serve as a pragmatic solution to business problems across industries and use cases. This is not some far-flung vision held by long-standing believers in the technology. Even leaders wary of tech-based solutions have come to see the larger, transformational importance of the technology.”

The platform also concludes:

“The question for executives is no longer, “Will blockchain work?” but, “How can we make blockchain work for us?”

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