This week, two "Big Four" accounting and consulting firms each published the results of blockchain market surveys collectively taken by thousands of executives from around the globe. Highlights from these two surveys include the following:

  • 84% are actively involved with blockchain;
  • 45% believe trust in blockchain technology could delay adoption;
  • 30% see China as a rising blockchain leader;
  • 28% say interoperability of systems is a key for success;
  • 84% believe blockchain is scalable and will achieve mainstream adoption;
  • 74% see a compelling business case for blockchain;
  • 69% anticipate replacing current recordkeeping systems with blockchain;
  • 68% perceive a competitive disadvantage if they do not adopt blockchain.

Meanwhile, more blockchain-based investments and pilots have been announced. The U.K. government recently launched a program to support blockchain startups seeking to launch in the country and is investigating leveraging blockchain to secure digital evidence used in court proceedings. In Japan, the government recently announced that it is developing a blockchain-based solution to streamline logistics data sharing between trade entities like shipping companies, ports, banks and insurance companies.

In the U.S., a major news cooperative announced that it is partnering with blockchain startup Civil to build a blockchain-based digital content licensing and distribution platform that aims to track news to ensure the content is being licensed correctly. And a major global beer producer and distributor recently announced a partnership with startup Klip to leverage the Ethereum blockchain in a solution that intends to increase transparency in ad buying.

To read more about the topics covered in this week's post, see the following:

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