The increase in adoption levels raised almost 16% more than in 2019, according to a survey.

According to the study that the consulting company Deloitte carries out every year, more companies have incorporated blockchain technology into their processes. Deloitte executed a study called Global Blockchain Survey 2020 and 39% of the companies that participated in the survey admit they maintain adoption plans with blockchain technology.

Figures that the same study collected in 2019 indicate that only 23% of companies were incorporating blockchain technology into their administration at that time. For this reason, the result of this new study shows a growth of up to 16%.

The same study reveals that the number of companies that maintain blockchain projects in production reaches 46%, so this group of companies that register up to USD 1 billion in annual revenue is seeking to incorporate blockchain solutions to optimize their businesses.

The study also incorporates the main executives of these companies and interviews them to determine the future of this technology. In this way, the study also determined that the main shareholders see blockchain technology as a great future.

In this sense, when asked about the importance of this technology, 88% of the respondents recognized that blockchain technology is “widely scalable and will finally achieve its mass adoption.”

To conduct the study, Deloitte divided the 1,488 executives surveyed into groups according to the level of the annual income of the company they chair. This led to a comparison of their opinion with 39% of the companies that claimed to have blockchain projects under development.

According to the segments, the percentage of adoption in companies that invoice USD 100 million annually reached 41%; and, on the other hand, the companies that maintain incomes above USD 1 billion had 46% in adoption levels.

If we compare the current study with the one that Deloitte obtained in the years 2018 and 2019, it is evident a significant growth in the positive assessment of executives regarding the use of blockchain technology.

In a graph that the study published, it is reflected that, for example, the opinions of executives regarding the scalability of blockchain adoption has increased in favor of blockchain technology since 2018, 2019, and 2020. So that the adoption of this technology went from 84% in 2018, 86% in 2019, and 88% in 2020.

Similarly, Deloitte’s study showed positive numbers about cases in the use of blockchain being of great need, or important to carry out certain types of business. To conduct the study, the survey focused on important companies from countries such as the United States of America, Brazil, Canada, Germany, the United Kingdom, Singapore, South Africa, Mexico, and China.

Although the figure shows 39% adoption among all companies surveyed, Deloitte explains that there are countries where these levels reach higher figures.” 31% of respondents in the United States say there are already blockchain platforms in production at their companies, which contrasts with China, where the figure is almost double: 59%.” The adoption of blockchain technology continues growing.

By María Rodríguez


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