A new study by PwC shows that despite the potential blockchain provides, regulatory uncertainty is still a major barrier to wider adoption.
Source: cointelegraph.com
According to a recent study by major auditing company, PricewaterhouseCoopers (PwC), regulatory uncertainty and overall trust are inhibiting the adoption of blockchain technology amongst businesses. The study entitled “Blockchain is here. What’s your next move?” was conducted in Australia, China, Denmark, France, Germany, Hong Kong, India, Italy, Japan, Netherlands, Singapore, Sweden, UAE, U.K., and the U.S. PwC examined 600 executives and noted that 84% of companies surveyed are currently experimenting with blockchain technology, 25% of which have fully implemented the technology into their organizations. 46% of respondents recognize that the development of blockchain will be strongest in the financial sector, with a similar potential in energies and utilities, healthcare, and industrial manufacturing. Leaders in blockchain adoption are the U.S. (29%) and China (18%), though it is expected that in the next three to five years, their positioning will have switched.
