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Deloitte: 84% of Tech and Telecom Executives Believe Blockchain Will Reach Mainstream Adoption

A recent survey conducted by Deloitte found that 40%of executives from the telecom, media and technology industries plan to invest millions in blockchain technology in the next year.

Published 8/28/18, the survey gives insight into how the technology can be applied to these industries.

The researchers interviewed more than 1000 executives from seven countries, and nearly 200 from the above industries. They found that 84 percent of the respondents “believe that blockchain will broadly scale and reach mainstream adoption”.

Venture capitalists have shown increased interest in the blockchain space as well. In the first six months of 2018, they have funded blockchain startups with $1.3 billion.

Developers are also looking into the technology at an increasing rate, with more than 27,000 new blockchain projects in the last year alone.