The economy is waiting until the block chain has been perfected

47 % of companies are already checking if the block chain can be used for their own businesses. Admittedly, a quick breakthrough is not anticipated: The large majority does not consider the technology to be feasible yet.

25 Oct. 2017
Sopra Steria Consulting

Empirical data is in short supply; only 7 % consider block chain technologies to be sufficiently developed, however almost every other company is examining if and how the concept can be used in its business processes in future. That is the result of the Yougov "Block Chain Potential Analysis" study commissioned by Sopra Steria Consulting. Transactions involving money, documents, identities and tangible assets are among the companies’ primary objectives; other fields of application are, for example, Identity Management or the monitoring of supply chains. Block chain technology is already being used successfully by some companies in the processing of payments. The opinion of Deutsche Bundesbank is, however, generally skeptical .

The theoretical principles were already established in the early 90s; a wide audience has been familiar with the basic functionality since 2009 when Satoshi Nakamoto created the first publicly distributed block chain for transactions involving the cryptocurrency Bitcoin .

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