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Deloitte: 40% of production is on blockchain
Deloitte: 40% of production is on blockchain
Blockchain

Deloitte: 40% of production is on blockchain

By Marco Cavicchioli - 17 Jun 2020

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According to a recent Deloitte survey, 39% of companies worldwide have included blockchain in their production

The survey, entitled “Deloitte’s 2020 Global Blockchain Survey“, was conducted from February 3rd to March 6th, 2020 in 14 countries, among 1,488 executives and professionals from the world’s leading technology companies. 

The most relevant figure emerging from this survey is that almost 40% of respondents said their company has already included blockchain in its manufacturing processes, and almost 90% believe it will become even more important in the next three years

Last year the percentage of companies that had included blockchain in their production was 23%, so this percentage has almost doubled in a year. 

However, it should be noted that the sample, which is relatively small for a global reference, focused primarily on companies of a certain size, with respondents who already had a broad understanding of what blockchain, digital assets and distributed ledger technology are.  

The majority of these respondents also confirmed that they believe digital assets will be very important in the near future, revealing a very high level of interest in these technologies, while 83% said they would lose a competitive advantage by not adopting DLT-based tools. 

On the other hand, however, 54% believe that there is an excess of expectations regarding the blockchain, compared to only 43% last year, and 39% in 2018. 

Moreover, there is a geographical discrepancy in the results of this survey. For instance, in China, the percentage of those who stated that they had already included the blockchain in their production processes was 59%, while in the US it was only 31%. 

In fact, in China, as many as 94% said they believe that digital assets could be used as an alternative or substitute for fiat currency in the next 5-10 years. 

This discrepancy should not come as a surprise, because it was the Chinese government itself some time ago that started a powerful propaganda campaign in favour of the blockchain in the country. In reality, China’s propaganda seems to be more focused on private, centralized or permissioned DLTs rather than real decentralized blockchains, but this difference was not considered in the Deloitte survey. 

Finally, it must be said that according to the same company that carried it out, the survey may also have been influenced by the new recruitment practices of companies, as 82% of respondents admitted that in the next 12 months they will explicitly hire staff with experience in the blockchain sector

As mentioned above, the selected sample could be particularly involved in the development of these technologies. 

Marco Cavicchioli
Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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