[2018-09-14]Blockchain’s Popularity Among Large Enterprises Soared 11% This Year

[anamie]

Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds

New research from fintech analysts Juniper House has found that blockchain’s traction with large enterprises has risen by 11 percent this year, according to a press release published September 11.

Juniper’s Blockchain Enterprise Survey: Deployments, Benefits & Attitudes (Second Edition) found that 65 percent of responding large enterprises – defined as those who employ a minimum of 10,000 staff – are “considering or actively engaged” in blockchain deployment, up 11 percent from the corresponding 54 percent figure last year.

Further data analysis shows that nearly a quarter of firms have moved beyond blockchain proofs-of-concept onto trials and commercial rollouts. The potential scope of the technology’s application has also expanded, with only 15 percent of firms’ proposed blockchain applications relating to payments – as compared with 34 percent last year.

The press release notes there has been “significant” interest in fields across logistics, authentication and smart contracts.

Readmore: https://cointelegraph.com/news/blockchains-popularity-among-large-enterprises-soared-11-this-year-survey-finds

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[hugeblack]

The rise in Bitcoin last year has had a big impact on this increase.
Many analyzes describe Bitcoin as a bubble because of the fluctuation in price. In other words, they knew it last year and not long ago.
This rise has led to a rise in altcoins/ICOs and thus popular projects based on cryptos.
Now with the relative stability in prices and the distance from linking to dark activities, the ratio will increase.

[buwaytress]

Wouldn't call 11% a soar... I would even say it's a disappointing double digit growth, nothing that the first quarter of the year was when the bull slowed down and crypto/Bitcoin started "crashing".

Like hugeblack says, rather symptomatic of a bubble (yes, we did just go past a bubble, admit it). All of these patterns in tandem with other findings: Google searches for Bitcoin trending in the bull and dropping in past six months, while still achieving overall growth; # of new blockchain startups and companies adding blockchain projects, shooting up end of last year/early this year, still showing positive growth today YoY but at a far reduced rate than half a year ago.

Now with the relative stability in prices and the distance from linking to dark activities, the ratio will increase.

Actually, it's when it stabilises that interest drops. Just wait and see what happens when prices inevitably spikes crazily and old news like illegal/illicit use start embracing the headlines again. That ratio will "sky rocket".

[aso118]

Actually, the numbers are being downplayed a bit. The increase is 11 percentage points, not 11%. 65% of enterprises are actively considering blockchain deployment. That is around 20% growth, not 11%. Plus, it would be tough to grow from here in percentage points.
The real challenge would be in converting those who are considering blockchain deployment into actually doing something concrete.