Blockchain, a distributed ledger technology that promises improved trust, transparency and operational efficiency, is moving from an interesting talking point to a foundational element in modern enterprise computing strategy. That’s the key takeaway from our study of 3,000-plus decision makers across disciplines, geographies and industries, many of whom told us that blockchain experimentation has spread throughout their organizations, exceeding earlier expectations.
A majority of respondents said blockchain is “very important” to their industry (see Figure 1) and that they are beginning the necessary groundwork to gain the required familiarity with this maturing technology. They believe that blockchain is capable of boosting efficiency and germinating new revenue streams. Most estimate that blockchain investments will ultimately pay off through cost savings of 2.5%-plus, and revenue growth of 5% to 10% over the next few years.