39% of Companies Worldwide Now Have Blockchain in Production

A survey by bitcoin investment shows blockchain is increasingly becoming a priority among companies with a broad understanding of it. Auditing giant Deloitte’s latest survey shows that almost 40% of respondents from major technology companies worldwide currently have blockchain in production — and almost nine in ten think blockchain will become more important in the next three years.

According to the results of Deloitte’s 2020 Global Blockchain Survey conducted from Feb. 6 to March 3, 2020, 39% of 1,488 senior executives and practitioners in 14 countries said they have already incorporated blockchain into production at their companies — a 16% increase on last year’s figures. The number rises to 41% when considering companies with over $100 million in revenue. The survey revealed many firms are increasingly prioritizing blockchain technology and the potential of digital assets in the future.

“Nearly 89% said they believe that digital assets will be very or somewhat important to their industries in the next three years,” the report stated. “An outright majority (53%) report that digital assets will be very important.”

According to Deloitee, these high numbers may be related to hiring practices. The auditing giant reported 82% of respondents said they will be hiring staff “with blockchain expertise” within the next 12 months. Nearly the same percentage—83%—said they would lose a competitive advantage if they didn’t start adopting blockchain.

Digital assets are increasingly popular in Asia. Of those surveyed from China, 94% said they “strongly” or “somewhat” believe that digital bitcoin investment assets will serve as an alternative or replacement for fiat currency in the next 5-10 years.