KPMG: Tech Execs See the Future- It’s Blockchain

Author: 
R.R. Hauxley
Date: 
March 03, 2019
Read time: 
2 minutes
KPMG
Adoption
Future

Plenty of people love blockchain. Plenty more hate it. But the biggest chunk of people by far are those who are neutral about it. They neither love it nor hate it. They’re just waiting for the world to make up its mind -- like when VHS fought Betamax or Bluray fought HD-DVD. Well, the world is making up its mind right quick -- and the winner is blockchain.

Plenty of people love blockchain. Plenty more hate it. But the biggest chunk of people by far are those who are neutral about it. They neither love it nor hate it. They’re just waiting for the world to make up its mind -- like when VHS fought Betamax or Bluray fought HD-DVD. Well, the world is making up its mind right quick -- and the winner is blockchain.

A survey was recently released. A big, meaningful one. It was released by KPMG, one of the top four auditor agencies in the world. They call it the Technology Industry Innovation Survey and it polls over 740 gigantic tech leaders across twelve countries around the world. The results are fascinating.

  1. Almost a full 50% of the executives polled (76% of whom are C-level executives -- meaning they have titles like CTO, CEO, COO) firmly believed that blockchain is ‘very likely’ or ‘likely’ to change the way their company does business -- within three years. That is a short time, especially in the business world.
  2. Taking that one step further, 41% of these higher-ups also believed that, in these next three short years, the company they direct will, in fact, implement blockchain tech.

  1. Perhaps the most telling statistic, however, is the change from last years survey. Despite the crypto bear market, despite hacks and scams, the executives who were neutral last year are moving bullishly into the blockchain believer category. Last year a full 42% of respondents were neutral on all this and 30% even responded that blockchain changing things would be “very likely.” Today the neutral camp has shrunk to 24% -- with the majority moving camp to the “we will use blockchain” side of the story.

So you see, the battle between blockchain believers and doubters is coming to a close. High powered executives running multi-billion dollar companies (which produce products and services that we all use) are learning about blockchain, believing in it, and will be shaping their companies to use it -- all in the next three years. It’s high time, then, that those who are also neutral take a page from the tech exec playbook and read “An Introduction to Blockchain.” These titans of industry are not making their decisions because of tabloid headlines. They are educating themselves about blockchain with proper guides. That is the only way to make proper profits. We should follow such footsteps if we want to profit from blockchain too.

Posted by R.R. Hauxley

R.R. Hauxley traveled around the world ... on 1 Bitcoin. 18 countries, 12 months, 1 Bitcoin. Along the way he met and interviewed the sharpest, brightest minds in crypto today: Vitalik Buterin, Charlie Lee, and more. These travels solidified in him the truth: cryptocurrencies will set us free. Today Rafael educates the crypto curious and continues investing in refreshing, innovative, success driven projects.

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