81% of finance execs say blockchain has gone mainstream: Survey

A recent survey from Deloitte that collated data from 1,280 senior finance executives in 10 locations across the world produced interesting results regarding the blockchain industry. This survey is Deloitte’s fourth annual Global Blockchain Survey, which focuses on the financial services industry (FSI). Findings from the survey show that there is a need for the industry to turn towards product modernization and distribution in order to see economic growth. When polled, 76% of the 1,280 respondents said they believed that the end of physical money is near. And that digital assets were set....

A German telecommunications trade organization has published a new survey that shows little enthusiasm for bitcoin among financial executives. The survey, carried out by the research arm of the German Association for Information Technology, Telecommunications and New Media (Bitkom), was put to 77 CEOs and 25 members of the board from a series of German financial services. The group said that 95% of those surveyed believe digital currencies like bitcoin will see niche applications in the next ten years. Two percent of respondents said they believe bitcoin will become an widely accepted....

Many of the government leaders queried by IBM in a recent survey say they want to put blockchain to work in the public sector. Out of 200 government executives from 16 different countries worldwide polled, 14% say they expect to utilize production-grade blockchains sometime this year. Forty-eight percent anticipate launches of their own between now and 2020. The remaining 38% indicated that they would take a wait-and-see approach, putting off their own use of the tech until past 2020. Among the use cases cited in the report, asset management and identity management were cited as the most....

When Bitcoin first became popular, much mainstream coverage focused on its illicit uses. Then a revolution in thought led people to understand the less sinister benefits of Bitcoin, and namely its underlying technology, the blockchain. Many experts suppose blockchain could revolutionize numerous industries, with financial technology receiving most of the coverage in 2016, which some observers have dubbed “the year of the blockchain.” But, as 2016 rolls into 2017, focus on blockchain in industries outside of cryptocurrency, and finance, are emerging. Insurtech, according to Jupiter....

New research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This week the crypto asset insurance company Evertas published a cryptocurrency survey that included a number of institutional investors who collectively manage $78 billion in assets. The survey’s participants included ultra-high net worth individuals, custodians, traditional financial....