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34 pct of mid-market companies plan to use blockchain for storing and securing digital records: Deloitte
Consulting giant Deloitte has published a new survey report that examines technology trends among mid-sized and private companies.
According to the survey results, a vast majority of companies have plans to tap breakthrough technologies such as blockchain, machine intelligence, and mixed reality.
While blockchain technology has the potential to make business more efficient and transparent for for companies of all sizes, Deloitte said that for private and mid-sized companies, the possibilities range from the ability to verify property records for real estate deals to reducing investment transaction errors to preventing fraud in supply chain operations.
The respondents were particularly asked to identify how their companies plan to integrate blockchain. According to them, storing and securing digital records are the most likely future use of the technology. The survey results showed:
“Blockchain has the potential to transform every transaction platform and fabric we use daily,” says Eric Piscini, principal and Global FSI Digital Transformation and Blockchain Leader, Deloitte Consulting LLP. “While initially focused on the financial services industry, blockchain is now embraced by other industries, given its potential for disruption and the many opportunities it creates to increase trust and replace middle men with cryptography.”