2019 is the year of adoption. We have weathered the storm of early 2018, lived through the ensuing drought and we can see glimpses of the promised land on the horizon. At aelf, we are strongly passionate about overall adoption of blockchain technology as we believe it can benefit many people and industries. As such, we are always on the look-out for news of increasing adoption and collaboration.
Last year I wrote an article with a Comprehensive List of Banks using Blockchain tech as I found it very difficult to find a single source for this information online.
Although there was a strong interest in blockchain tech over the last 24 months, due to a mixture of issues, including the volatile ‘unproven’ market and rampant ICO scams, many companies avoided public exposure linking them to the blockchain industry. Many would agree we have seen a shift in this mindset as more high profile individuals and companies are now being more open about their association with blockchain. Take for example, the #1 YouTuber, Pewdiepie, who has recently partnered with Dlive.
In fact, according to a report by Gemalto, adoption of blockchain to help secure IoT doubled in 2018.
Deloitte recently released survey results in regards to executive’s views on blockchain adoption. The companies represented by these executives all have an annual revenue of over $100M USD. One point to note, was that over 75% of respondents believe they will lose a competitive advantage if they do not adopt blockchain. Did someone say FOMO?
Also, according to the survey, over 90% of respondents are already participating in or planning to within 12 months, a blockchain consortium or alliance.
According to the International Data Corporation, global spending on blockchain development will almost double to $2.9 Billion this year, and increase exponentially to reach $12.4 billion by 2022.
The financial sector will lead the charge with an estimated of $1.1 Billion to be spent in this sector alone. The Manufacturing and resources sector will see the fastest growth this year with a growth rate of 77.6%.
Notably, of the 100 largest companies in the world by market value (Statisca.com), over 50% are included in this list; and in particular, 9 out of the top 10 with a combined market value of over $5.6 trillion USD in 2018.
Surprisingly, the largest industry in this list is Transport, Shipping & Logistics. There could be a few reasons due to this, firstly, there were a few large alliances that have been created specifically to aid in blockchain adoption with members in the hundreds. Secondly, this is one of the biggest industries in which there is a high degree of interdependence and cross company reliance. The finance industry was always going to be in the top of this list, but another exciting development is the high rank that government received with many countries showing a clear positive attitude towards the technology.
In light of all this, it is safe to say, blockchain is here to stay and 2019 is the Year of Adoption. So let’s take a look at the enterprises who have already taken the leap. This list is focusing on active enterprises in 2019. For those that are wondering, this list has almost 1,000 Enterprises in it.