Blockchain in business: explosive growth for 2023? – This report reveals the trend

Is adoption on the way? – “Blockchain” is a word that has been in our dictionaries for a few years now. However, its value proposition has been slow to break through the boundaries of the business world, always reluctant to new developments that could disrupt the tranquility of the established model. However, the situation would have changed significantly in 2022.

Blockchain: on-chain adoption in companies?

Blockchain, companies are getting into it. This is announced by the latest study carried out by the companies casperlabs and Zogby Analytics. Far from being just anyone, Casperlabs is working precisely on the development of a blockchain dedicated to business needs, all sectors combined. It therefore has an increased knowledge of the transformations underway within the various players in the industry.

Despite a complicated year 2022 in many respects, the conclusions of the report are instructive. Indeed, companies, far from being frightened by recent events, seem to be increasing their interest in the sector. Furthermore, they are more than seriously considering invest in 2023, if it is not done yet. The panel interviewed included 603 decision makers in the USA, England and China.

Conclusion ? The verdict is final. Near 90% of them have already announced deploy blockchain technology in all or part of their processes. And 87% of them plan toinvest in this technology in 2023.

“It’s very encouraging to see that companies see blockchain technology, not as a competitor, but as a solution. »

Ralf Kubli, Executive Member of the Casper Association

Indeed, companies have many problems; some that have always handicapped them. And the blockchain, seemingly nothing, provides rather effective solutions. The technology is particularly used in data security (42%) and copy protection (42%). IT boxes use it to manage internal flows (40%),supply chain improvement (34%) and software development (30%).

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Education: the key to the democratization of blockchain technology?

Now, the momentum for adoption has well and truly started. In fact, the year 2023 should in all likelihood appear reinforcement of this one. As the industry understands the value proposition provided, blockchain should find its way into the heart of its processes. And that is the key: the comprehensionI’education and theaccessibility solutions.

Because on these last points, there is still a long way to go. In particular, the study shows that respondents confuse still regularly the terms “blockchain” and “crypto” which they assume to be interchangeable. Additionally, other barriers prevent the growth of the blockchain industry. Among other things, there is the limited knowledge of developers in this new field, the lack of appropriate tools and interoperability.

To finish, the crypto sector remains subject to mistrust and the cynicism provoked at the mere mention of his name. This is due to relentless hype against the sector in recent years.

There will therefore be as many obstacles to overcome in order to highlight the significant competitive advantages that this new technology brings. It will also be necessary to reveal the solutions that it could provide to the business world, which has every interest in quickly appropriating the blockchain… rather than watching with a curious but suspicious eye, its neighbors to try to his place, taking the risk of running a late train, once the technology has been approved.

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