Nearly 6 in 10, or 57% of large corporations are either “actively considering, or are in the process of, deploying blockchain technology".
The research gurus at Juniper have released a new study that shows “rapid progress in enterprise rollouts” when it comes to blockchain technology – the aforementioned 6 in 10 figure, linking to an infographic here (and embedded below).
The details come from Juniper’s “Blockchain Enterprise Survey”, covering almost 400 company founders, executives, managers and IT of companies “who have reached the PoC (Proof of Concept) stage,” with two-thirds (66%) “expecting blockchain to be integrated into their systems by the end of 2018.”
Naturally, the research survey is available to relevant parties at relevant prices.
{loadposition alex08}So, what is the “best fit” for Blockchain as Juniper and all those companies see it?
We’re told that, “using data from the survey, the company’s attendant deep dive strategy report (also available to relevant parties) identified settlement, land registry and digital fiat currency as ‘best fit’ opportunities for blockchain deployment, but cautioned that for each of these opportunities the scale and variety of barriers were significant".
In addition, the research “claimed that those companies which would benefit most from blockchain include those with:”
- A need for transparency and clarity in (trans)actions;
- A current dependence on paper-based legacy storage systems; and
- A high volume of transmitted information.
So, what of the key concerns surrounding “internal disruption and interoperability?”
Well, Juniper argued that “while awareness of blockchain and its benefits had increased dramatically in the past 12-18 months, there was the danger that companies might seek to deploy blockchain without having first considered alternative options".
Research author Dr Windsor Holden said: “In many cases, systemic change, rather than technological, might be a better and cheaper solution than blockchain, which could potentially cause significant internal and external disruption.”
Indeed, Juniper explains its research found that “companies may have underestimated the scale of the blockchain challenge. For issues such as interoperability, the proportion of survey respondents expressing concerns progressively increased as companies proceed towards full deployment, while concerns also rose sharply regarding client refusal to embrace blockchain".
As per usual, there is a complimentary whitepaper available in the hope of tempting you with enough further information that you will purchase the full report.
The whitepaper is entitled “Which Industries are the Best Fit for Blockchain?” and is “available to download from the Juniper website together with further details of the full research and the attendant IFxl (Interactive Forecast Excel).”
Here is the promised infographic: