A report on CoinTelegraph details the findings of a new survey from Deloitte that found 81% of finance execs say blockchain has gone mainstream.
However, the report says that despite the finance service industry being bullish on blockchain and crypto-currencies, respondents still highlighted cybersecurity as the greatest hurdle to mainstream adoption.
The Deloitte queried 1,280 FSI professionals across Brazil, China, Germany, Hong Kong, Japan, Singapore, South Africa, the United Arab Emirates, UK and US, and covered general FSI cohort respondents who had “at least a general understanding” of blockchain and cryptocurrencies, as well as “FSI Pioneers,” or respondents who have already deployed blockchain tools into their business or production, reports CT.
Nearly three quarters (73%) expressed concerns their organisation would lose an opportunity to gain a competitive advantage if they do not adopt blockchain or digital assets. Among the FSI Pioneers subset, as many as 97% of respondents indicated that blockchain applications are crucial for their business to stay competitive.