PwC Releases Report on Blockchain

Will it Rule the World?

PwC is out with a new report on blockchain, and there appears to be some good news. Here are the key findings:

  • About 84% of companies are involved with the technology in some way.
  • About 45% of companies believe that a lack of trust in the technology could cause a delay in adoption.
  • About 1/3rd of companies consider China as a growing market leader.
  • About 28% believe that system interoperability is the way to success

More About the Report

The global survey consisted of 600 respondents from 15 countries including China, India, Sweden, Africa, and America.

Only 14 percent of businesses are said to have no involvement in the blockchain. A total of 32% are working on developing a blockchain-based product while 15% are already live.

However, a small number – about  7% – has stopped at one of the stages and may not pursue it any further, most probably due to a lack of regulatory uncertainty, which also causes a lack of trust in the technology. There are also some intellectual property concerns coupled with possible compliant issues.

The technology is being appreciated in all corners with the finance industry appearing to be ahead in the race with an astounding 46%. Industrial products and manufacturing, as well as energy and utilities, are both at 12%, leaving quite a significant gap between them and the key industry leader. However, despite difficulties, other sectors such as healthcare, government and retail are also moving well towards the adaption of the technology, with 11%, 8% and 4% respectively.  


Even though this percentage for the finance industry is high, it has suffered a significant drop compared to 2017. According to PWC, 82% of “reported blockchain use cases were in financial services in 2017.” This can be attributed to the growth of potential blockchain application in other industries, directly linked to the increase in awareness of the disruptiveness and innovative characteristics of this technology.

More Trust in China

According to the study, about 30% of respondents believe that China will dominate the industry in the next few years, with only 18% showing support for the U.S.

This is a bit surprising considering China appears to be confused regarding cryptos. However, it should be mentioned that the country has backed blockchain based products, and seems to be doing a good job of keeping crypto and blockchain apart.


Market Value to Hit a New High

The report predicts the market value of the industry to hit the $3 trillion mark by 2030. The survey also pointed out asset tokenization and ICOs as an essential part of the technology as ICOs bring a considerable amount of money to the industry and also help attract new players.

The report said: “It’s possible to imagine that 10% to 20% of global economic infrastructure will be running on blockchain-based systems by 2030.”

Michael Wight

Michael is a freelance writer with special interest in finance and technology. He regularly trades cryptocurrencies and loves to share his knowledge with others.

Related Articles


  1. The companies said Wednesday that under the agreement, Sanofi acquires the exclusive rights to apply for approval of Cialis OTC in the United States, Europe, Canada and Australia buy priligy 30mg You can use these services to get an online prescription for Cialis

  2. Ücretsiz nonna szuzanne giovane ihtiyar kadın porno, her azgın ziyaretçisine olduğu gibi karşılıyor.

    Bizim büyük olgun kadın nonna szuzanne
    giovane porno tube kesinlikle ücretsiz hd.

  3. I’ve been troubled for several days with this topic. totosite, But by chance looking at your post solved my problem! I will leave my blog, so when would you like to visit it?

  4. japonicum plant three times with 3 L of methanol for five hours each, and then evaporating the methanol solution to afford 109 g of a methanol extract can you buy priligy in usa Manufacturers BRITISH DRAGON PHARMA 38 7LAB PHARMA 39 AXIOLABS 39 BALKAN PHARMACEUTICALS 34 BELIGAS PHARMACEUTICALS 31 BODYPHARM 28 DRAGON PHARMA 58 GENETIC PHARMACEUTICALS 48 GENEZA PHARMACEUTICALS 51 HILMA BIOCARE 36 HUTECH LABS 15 ICE PHARMACEUTICALS 23 KALPA PHARMACEUTICALS 43 MAGNUM LABORATORIES 14 ODIN PHARMA 67 SAXON PHARMACEUTICALS 12 SCIROXX 37 SP LABORATORY 21 SPECTRUM 4 ULTIMA PHARMACEUTICALS 36 XENO LABORATORIES 19 ZEROX PHARMACEUTICALS 37 ZPHC 11 4 Chlorodehydromethyltestosterone Anastrozole Boldenone Undecylenate Clenbuterol Clenbuterol, Yohimbine Dihydroboldenone Cypionate Dimethyltestosterone Drostanolone Enanthate, Drostanolone Propionate Drostanolone Propionate Exemestane Fluoxymesterone Liothyronine Sodium Mesterolone Methandienone Methandienone, Testosterone Base Methandriol Dipropionate Methasterone Methenolone Acetate Methyl 1 Testosterone Methylhydroxynandrolone Methyltrienolone Mibolerone Nandrolone Decanoate Nandrolone Phenylpropionate Oxandrolone Oxymetholone Stanozolol Stenbolone Acetate Tamoxifen Citrate Testosterone Acetate, Testosterone Propionate, Testosterone PhenylPropionate, Testosterone Isocaproate, Testosterone Decanoate Testosterone Base Testosterone Cypionate Testosterone Enanthate Testosterone Propionate Testosterone Undecanoate Tetrahydrogestrinone Trenbolone Acetate Trenbolone Acetate, Trenbolone Hexahydrobenzylcarbonate, Trenbolone Enanthate Trenbolone Enanthate Trenbolone Hexahydrobenzylcarbonate Trestolone Acetate Yohimbine Drostanolone Enanthate Testosterone Acetate Testosterone PhenylPropionate Testosterone Isocaproate Testosterone Decanoate Asia Europe International U

  5. The history of lesbian, gay, bisexual and transgender people in Russia and its
    historical antecedents has largely been influenced by the political leanings of
    its rulers. Medieval Catholic-Protestant Europe had the largest influence
    on Russian attitude towards homosexuality. Russian LGBT history was influenced by the ambivalent attitude of the Russian Orthodox religiosity regarding sexuality.
    Homosexuality has been documented in Russia for centuries.
    The earliest documented bans on homosexuality.

  6. Twitter seks izle PornoP. Genç ablasını sıkıyor twitter araması için 51⭐ porno filmi listeniyor.
    En iyi genç ablasını sıkıyor twitter sikiş videoları 7DAK ile, kaliteli sikiş videoları, türkçe izlenme rekoru
    kıran seks izle. 7 338.239 Video.

  7. Hi! I could have sworn Iíve been to this blog before but after browsing through many of the posts I realized itís new to me. Anyhow, Iím certainly happy I found it and Iíll be bookmarking it and checking back frequently!

Leave a Reply

Your email address will not be published.