Information Technology Foresight

The latest thinking on creating competitive advantage through information technology.

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Blockchain is here. What’s your next move?

The great virtue of blockchain is the essentially trustworthy nature of the technology, and the vast majority of companies are actively looking into its use. And yet trust remains a major stumbling-block to its adoption.

45% The percentage of executives who say a lack of trust is slowing down implementation of blockchain at their company.

PwC recently conducted a global survey of 600 executives from 15 territories to gauge the progress enterprises are achieving with blockchain. This month’s issue of IT Foresight features “Blockchain is here. What’s your next move?” a detailed look into how companies are implementing blockchain, and strategies for moving ahead with the technology. The results may surprise you. More than 80 percent of respondents, for instance, say their organizations have at least some involvement with blockchain technology. But many companies remain concerned about regulatory issues, confidence in the technology, and the prospect of working with new ecosystem partners—including competitors.

Featured Foresights

PwC’s Global Blockchain Survey 2018. Blockchain is here. What’s your next move?
PwC article
Blockchain’s benefits for companies extends far beyond crypto-currency. This survey reveals how companies are already venturing into the technology, the risks they face, and the impediments to implementation. The takeaway? Companies will reap the benefits of blockchain once they confront the trust paradox: A technology designed to foster trust is being held back by trust issues. Among them: A lack of confidence in the technology, limited understanding by users, distrust of partners and competitors in building ecosystems, and discomfort over regulatory uncertainty. Plus: four strategies for moving forward with blockchain.
Four strategies to navigate the new world of blockchain
PwC article
Blockchain technology was designed to be trustworthy, and it can lower costs, increase transparency, and streamline processes. To get it right, begin by making a strong business case for using it. Get your blockchain partners, suppliers, and customers on board. And design it carefully, considering who needs access, who can enter data, and how to manage the risks. Watch this brief video to learn more about the benefits of blockchain, and how to reap them.
Blockchain fundamentals
PwC article
Distributed ledger technology, digital tokens, and smart contracts are rewiring commerce. Here’s how it works.

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