Block-chain Enterprise Survey is gaining traction and its deployment is becoming mainstream. As block-chain technology is moving beyond proof of concept, commercial traffics by enterprises on block chain platform has gone up. Owing to potential benefits, block-chain enables visibility in the absence of trust.This growth is primarily driven by Rising Awareness About Potential Benefits of Block-chain Across Industries and Enhanced Security.
Globally, a noticeable market trend is evident Rising Deployment in Big Companies
. Major Players, such as Accenture [Ireland], Deloitte [United Kingdom], FCA (Financial Conduct Authority) [United Kingdom], IBM [United States], KPMG [Netherlands], Microsoft [United States] and PwC. [United Kingdom] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:Different countries have different rules regarding block-chain implementation. United States’ Wyoming’s Business Corporation Act allows companies to register in Wyoming to use block-chain or other electric networks to store corporate documents. As per the latest amendment, block-chain can be used to identify shareholders in the corporation’s current record of shareholders by a data address, provided that the company can revert to a written record within a reasonable period of time.
- Rising Awareness About Potential Benefits of Block-chain Across Industries
- Enhanced Security
- Rising Deployment in Big Companies
- Integration of Financial Transaction and Operational Execution
- Low Adoption Rate in Small and Medium Enterprises
- Fears Around Interoperability Among Various Block-chain Solutions
OpportunitiesGrowing Awareness About Block-China Technology in Emerging Countries and Collaboration Among Governance and Stakeholders in Decentralized Structures
ChallengesThreat of Disruption in Internal and External System and Lack of Trust Over Data Security
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