BTC/USD $ 26712.9
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|DOGE/USD $ 0.07324
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|USDT/USD $ 1.00
|SHIB/USD $ 0.00000866
|HOLO/USD $ 0.003566
|BTT/USD $ 0.00000060
|WINK/USD $ 0.0001995
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|PAXG/USD $ 1995.93
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|WBTC/USD $ 26739.6
|COMP/USD $ 35.00
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|MIR/USD $ 0.05600
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|MATIC/USD $ 0.8601
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|DAI/USD $ 1.00
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|LRC/USD $ 0.2967
|SKL/USD $ 0.03220
|CVC/USD $ 0.08861
|SAND/USD $ 0.5290
|NU/USD $ 0.1500
|GNT/USD $ 0.00000001
|DNT/USD $ 0.02720
|ANKR/USD $ 0.02588
|LOOM/USD $ 0.05156
|AMP/USD $ 0.002960
|MANY/USD $ 0.3509
|WTK/USD $ 0.02170
|POSI/USD $ 0.02355
|WINR/USD $ 0.00003100
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|ISA/USD $ 0.0001070
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|FDC/USD $ 0.00000021
|YETI/USD $ 0.003856
|SMR/USD $ 0.06492
|BTC/USD $ 26712.9
ETH/USD $ 1796.60
LTC/USD $ 92.39
DASH/USD $ 44.41
DOGE/USD $ 0.07324
FIL/USD $ 4.45
ADA/USD $ 0.3676
USDT/USD $ 1.00
SHIB/USD $ 0.00000866
HOLO/USD $ 0.003566
BTT/USD $ 0.00000060
WINK/USD $ 0.0001995
YFI/USD $ 6739.04
PAXG/USD $ 1995.93
MKR/USD $ 630.44
BCH/USD $ 117.30
WBTC/USD $ 26739.6
COMP/USD $ 35.00
AAVE/USD $ 62.48
ZEC/USD $ 33.10
ICP/USD $ 5.19
TRB/USD $ 11.87
ETC/USD $ 18.36
NMR/USD $ 13.50
BAL/USD $ 5.42
LINK/USD $ 6.62
REP/USD $ 6.88
UNI/USD $ 5.15
ATOM/USD $ 10.78
UMA/USD $ 2.12
SNX/USD $ 2.18
SUSHI/USD $ 0.8944
BAND/USD $ 1.47
EOS/USD $ 0.8928
OMG/USD $ 0.8033
RLC/USD $ 1.56
MIR/USD $ 0.05600
BNT/USD $ 0.4149
XTZ/USD $ 0.8899
CGLD/USD $ 1.74
1INCH/USD $ 0.4109
CRV/USD $ 0.8177
KNC/USD $ 0.6039
ENJ/USD $ 0.3523
MATIC/USD $ 0.8601
STORJ/USD $ 0.3080
ZRX/USD $ 0.2240
ALGO/USD $ 0.1679
GRT/USD $ 0.1221
OGN/USD $ 0.09479
CTSI/USD $ 0.1985
MANA/USD $ 0.5062
BAT/USD $ 0.2212
DAI/USD $ 1.00
USDC/USD $ 0.9998
REN/USD $ 0.07770
XLM/USD $ 0.08778
NKN/USD $ 0.09859
OXT/USD $ 0.06790
LRC/USD $ 0.2967
SKL/USD $ 0.03220
CVC/USD $ 0.08861
SAND/USD $ 0.5290
NU/USD $ 0.1500
GNT/USD $ 0.00000001
DNT/USD $ 0.02720
ANKR/USD $ 0.02588
LOOM/USD $ 0.05156
AMP/USD $ 0.002960
MANY/USD $ 0.3509
WTK/USD $ 0.02170
POSI/USD $ 0.02355
WINR/USD $ 0.00003100
DEFT/USD $ 0.00002080
ISA/USD $ 0.0001070
RULER/USD $ 0.006669
SPORE/USD $ 0.9137
DEFLCT/USD $ 0.7343
HVE/USD $ 0.0004395
JCB/USD $ 0.00004900
FWC/USD $ 0.00000000008000
FDC/USD $ 0.00000021
YETI/USD $ 0.003856
SMR/USD $ 0.06492
op-ed 19 Sep, 2019 publish0x.com Views: 477
The blockchain hype experienced from around 2015, reaching its peak in 2017, has subsided greatly. Harsh realities are coming into play. Blockchain platforms and d'Apps now have to deliver on the glamorous promises made via their whitepapers. Many are closing shop as they realize the common mistake of putting the cart before the horse.
Research carried out in the corporate world reveals the receptive nature of enterprises towards technology. Moreover, some studies even show that executives within the corporate world believe that distributed ledger technology is the next frontier for business.
PwC carried out a survey which revealed the perception of executives globally towards blockchain technology.
Results of the survey conducted by PwC. 84% of the respondents are already involved with blockchain technology | Source: PwC
The PwC report sampled executives within corporations that report annual revenue of over $1 billion per year. Furthermore, considering their annual revenue, the respondents likely represent market leaders in their respective industries.
Thus, the PwC report shows that the future is indeed blockchain technology.
Deloitte also conducted their assessment of the status of blockchain in the corporate world. Their sample size comprised of almost 1,400 hundred executives in the corporate world with their respective companies registering annual revenue of over $100 million.
Their results show a growing trend in terms of belief in blockchain technology and adoption. It reveals an increasing acceptance of the technology by more enterprises.
The above results show the growing belief in blockchain | Source: Deloitte
Deloitte’s results not only show the increasing acceptance of the DLT but also show confidence in the practical application of the technology by the executives.
“Enterprise blockchain technology is just that, a technology. Its value is in what it enables, and we are just scratching the surface on the development and the deployment front. Anyone looking at it through a boom or bust filter is missing the long-term value of strategic technology.” Marta Piekarska-Geater, Director of Ecosystem at Hyperledger, explained in one of her interviews with Cointelegraph.
She echoed her sober sentiments on the technology. Blockchain can only work when applied practically and thoughtfully.
Most of the failed d’Apps and platforms that launched during the 2017 blockchain hype failed as a result of impractical adoption. Some applications were creating problems which they would then solve through their platforms.
Survey results on industries with the most developed blockchain technology | Source: PwC
The results by PwC show the level of blockchain development in particular industries. The results reveal the extent of influence blockchain has on these industries.
Unsurprisingly, the financial industry leads with 46% of executives believing that it is the most advanced in blockchain. Considering the nature of blockchain, it was highly likely that financial services would have been selected as the most advanced.
Financial services globally are satisfactory, but there is still a lot that can be done. Blockchain offers this opportunity; thus, its adoption is higher in the financial service sector.
Source: Medium/Mappo
The image above shows results based on research carried out by Aelf. The results differ from those of PwC in the adoption-leading industry.
According to Aelf, the transport and logistics industry leads in blockchain adoption, followed by the financial service sector. The differing results may have been as a result of the sample selected. However, they both represent the potential of blockchain technology in these industries.
Previously seen as a technology for the financial sector, these statistics reveal that blockchain’s adoption can virtually be done in any industry as long as the adoption is practical.
On blockchain adoption, Erik Voorhees of Shapeshift said in an interview with Cointelegraph, “Blockchains are useful for many types of use cases; basically wherever there is value in decentralizing trust and creating immutable records that no specific person or entity can alter.” He goes on to mention several industries that can be influenced positively by blockchain, which include the gambling and health industry.
Countries which are viewed as leading blockchain nations | Source: PwC
In terms of countries leading in blockchain adoption and development, the United States and China are perceived as the global leaders of the technology. That is likely to remain the case in the coming years as these two global superpowers are ahead of everyone in terms of blockchain development and adoption.
The survey by PwC and Deloitte revealed other noteworthy results. These include:
Based on the various results analyzed in this article, it is clear that blockchain adoption is part of the future of enterprises.
Blockchain use cases are numerous with the potential of significantly improving the operations in industries it is applied in.
THe fundamental of blockchain technology will continue to evolve and grow stronger day-by-day. SImultaneously the faith and confidence people will have in it ability to maximise productivity and use-cases will also improve. As long the progression continues in its natural curve, the executives who once dismissed blockchain, will lead the line to implement it.
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