May Deloitte Be With You

In an industry deafened by noise, few things are more soothing than cold hard facts — especially when they come from executives who built multi-billion dollar enterprises without the use of tokens.

So Deloitte, you the real MVP. The firm’s 2018 global blockchain survey just came out, and it’s jam-packed with data and insights on:

1,053 blockchain executives

Across 7 countries

From 10 different industries

(1) Expected investment next calendar year

General

26% expect $1 million to <$5 million

5% have no planned investment

16% expect north of $10 million

By Country

Above $5 million: China (#1; 50%), Mexico (#2; 47%)

No investment: USA (#1; 16%), Canada (#2; 6%)

(2) Expected disruption by industry

Top Three

Automotive: 73%

Oil & Gas: 73%

Life Sciences: 73%

Bottom of the barrel: Public Sector, Other (both 46%)

(3) Biggest advantages of blockchain

Top Three

Greater speed: 32%

New business model/revenue: 28%

Greater security/lower risk: 21%

Bottom of the barrel: None (2%), Other/Not Sure (1%)

(4) Barriers to greater investment (top 5)

Regulatory issues: 39%

Implementation — replacing/adapting: 37%

Potential security threats: 35%

Uncertain ROI: 33%

Lack of skills/understanding: 28%

(5) Use cases being explored (top 6)

Supply chain: 53%

Internet of Things: 51%

Digital identity: 50%

Digital records: 44%

Digital currency: 40%

Payments: 30%

(6) Spend to date by industry

Most firms invested ($5 million+)

Automotive: 61%

Life Sciences: 42%

Oil & Gas: 45%

Tech, Media, Telecom: 41%

Least firms invested ($5 million+)

Public sector: 15%

Other: 26%

Takeaways: Executives are slowly wrapping their heads around blockchain, and companies are moving past the idea stage to developing products. Industry front-runners will help shape our thinking in terms of when we can blockchain tech to hit the shelves.

The same goes for activity by country. Some (‘sup, China?) appear fully committed to growing their blockchain sectors, while others (USA)… not so much. We figure that #4 plays a part here as well.

Access to Deloitte’s report is linked above, but let’s save you time — check it out here.

Please feel free to check my BlockDelta profile for my contact details.