6 out of 10 large corporations are considering using blockchain

A new Juniper Research study found that nearly 6 in 10 (or 57%) of large corporations (with more than 20,000 employees) are actively considering or in the process of using blockchain technology .

Nearly 400 founders, executives, managers, and IT staff responded to the "Business Survey on Blockchain . "

Among companies that have already reached the Proof of Concept (or PoC) stage, two-thirds (66%) expected the blockchain to be integrated into their systems by the end of 2018 .

Best suited for Blockchain

Using survey data, the Juniper Research report - focused on those who carry a "deep dive" strategy in this technology - identified three opportunities for Qnnit adoption , but cautioned that for each of these opportunities scale and variety of the barriers were significant:

· Property or cadastral registry

· Digital fiat money

· Liquidations}

The research also concluded that companies that would benefit the most from the blockchain include those with:

· A need for transparency and clarity in your transactions and actions

· A current dependency on legacy paper-based storage systems

· A high volume of information transmission

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Internal disruption and interoperability, main concerns

However, Juniper expressed that while the knowledge of blockchain and its benefits has increased dramatically in the past 12 to 18 months, there is a risk that companies could implement the technology without having considered alternative options .

" In many cases, systematic change, rather than technological, could be a better and cheaper solution than blockchain, which could cause significant internal and external disruption," said researcher and author of the report, Dr. Windsor Holden.

In fact, the research found that companies may have underestimated the scale of the challenge of implementing blockchain .

For issues like interoperability, the proportion of respondents who expressed concern progressively increased as companies moved toward full implementation, while other challenges also increased with respect to customers' refusal to adopt blockchain .

Juniper Research offers a link to complementary research on which industries are best suited for blockchain¸ along with details of the full blockchain research.

The analytics company is dedicated to digital commerce and the fintech sector , working for more than a decade on pioneering research in topics such as payments, banks and financial services.