Investorideas.com - MBN #Blockchain Survey: Over Half of UK Senior Executives Planning Blockchain Initiatives

Investorideas.com - MBN #Blockchain Survey: Over Half of UK Senior Executives Planning Blockchain Initiatives


MBN #Blockchain Survey: Over Half of UK Senior Executives Planning Blockchain Initiatives

  • But less than 1 in 10 business leaders think they have required skills set in place
  • Almost half of non-IT/data professionals admit to not understanding Blockchain
  • Regulation seen as biggest barrier to adoption of blockchain technology
  • Smart contracts, supply chain and IP protection top non-fintech use cases
  • 90% of CTOs think Blockchain will improve customer trust, privacy and security

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GLASGOW, Scotland - October 13, 2017 (Investorideas.com newswire) A survey of over 200 board level UK executives has found that while over half of businesses sampled are planning Blockchain initiatives, less than 1 in 10 believe they have the required skill sets in place within their organisations. Another key finding from the survey - the MBN Blockchain Survey 2017 - is that more than 40 per cent of non-IT/data senior executives admit to not fully understanding blockchain technology.

The lack of regulation (23 per cent) is seen as the biggest barrier to the adoption of blockhain technology, while smart contracts (52 per cent), supply chain transformation (44 per cent) and IP protection (39 per cent) are the top-three non-fintech planned applications according to the UK plc sample. 90 per cent of CTOs surveyed believe Blockchain will improve customer trust, privacy and security, although 40 per cent think Blockchain will not become a mainstream enabler of business transformation for another 3-5 years.



full article http://www.investorideas.com/news/2017/bitcoin/10131Blockchain.asp

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