Study claims businesses are interested in blockchain, but most aren’t ready to implement the technology

A new report published by Globant has shown that, despite growing interest in the blockchain, most businesses are not ready to adopt the technology into their systems, Cointelegraph writes. Researchers have interviewed 679 U.S.-based decision makers working in IT, marketing, and operations for the study.

As for the results, 64 per cent of respondents have expressed interest in blockchain-related investments to make their company’s systems more efficient. However, when it came to actually going forward with the plan, just 46 per cent of the participants felt ready. When asked about the reasoning, most cited still being in the research stage of the process—a mere 28 per cent of respondents have gone past picking a specific vendor.

"Blockchain implementation is different for every organization, so it's imperative for business leaders to have a unified idea of what their integration will look like,” said Diego Tartara of Globant. “The technology as such usually requires a shift in paradigm to adopt it, thus sharing core objectives for the technology is key for a successful blockchain integration.”