Deloitte: Financial institutions to boost future blockchain spending

Deloitte: Financial institutions to boost future blockchain spending

A representative from the company expects 2021 to be “a breakout year for blockchain.”

Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled Financial Services Industry Outlooks 2020.

Preliminary results shared with Cointelegraph indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14% are expecting a large increase. A further 33% expect no change, with the remaining 27% are looking to cut their expenditure slightly.

The survey grouped blockchain with a variety of other emerging technologies. While it was not the most popular overall, the technology appears to be quite polarizing: the percentage of institutions who expect a large expenditure increase is the second highest in the sample, with just cloud computing edging slightly ahead at 15%.

실시간 인기글  2024년 10월 14일, 비트코인은 중요한 저항선을 돌파하며 64,000달러 돌파

Conversely, only Robotic Process Automation left more institutions unimpressed, as 35% of them expect to wind down their expenditure. Artificial Intelligence is a close third, with 26% of respondents expecting to reduce investment.

Financial institutions may also be looking to boost investment in data privacy and cybersecurity; fields that could potentially employ a number of blockchain-based solutions.

실시간 인기글  DeFi Earnings Fell 42% in Q2 Even as Token Prices Surged

Commenting on the report, Richard Walker, head of Deloitte’s financial services blockchain team, said that 2021 will be “a break-out year for blockchain and digital ledger technologies.”

Following years of promises and expectations, “people will be surprised by the perceived speed and impact in this space next year,” he added.

The report follows a similarly positive survey conducted by Deloitte in February, which noted that 39% of companies worldwide already had blockchain technology integrated in production.

위로 스크롤