Market Analysis Report (23 Aug 2021)

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Deloitte, one of the “Big Four” accounting firms, has conducted an annual blockchain survey for the last four years. This year’s survey is the first to explicitly cover commercial activities enabled by blockchain technology.

The firm surveyed over 1,000 finance professionals in various countries between March 24 and April 10.  84% of respondents agreed blockchain technology is “broadly scalable and has achieved mainstream adoption,” while 73% thought their business should adopt blockchain and cryptoassets to avoid losing its competitive advantage.

65% of respondents also considered the existing financial infrastructure among the biggest obstacles for the acceptance of cryptoassets. Notably, 43% suggested their businesses may eventually adopt crypto as a payment method, while 45% could tokenize their assets.

Source: https://www.cryptocompare.com/email-updates/daily/2021/aug/23/