Nearly 23% of Digital Forex Group (DCG)’s portfolio companies imagine that asset tokenization would be the subsequent main use case for blockchain. To organize the survey, DCG acquired responses from greater than 60 of its portfolio corporations.
Based on DCG’s 2019 annual survey, 22.73% of its portfolio corporations counsel that blockchain will likely be primarily deployed in asset tokenization, whereas 30% of respondents see the expertise’s future use instances in funds.
Different use instances and “public enemies”
The aforementioned trade sectors are adopted by digital id and possession, decentralized marketplaces and creating single-sources of fact developments. 4.55% and seven.58% of portfolio companies noticed the way forward for blockchain tech in provide chain monitoring and privateness and safety expertise, respectively.
When requested their prediction for Bitcoin’s (BTC) largest use case within the subsequent 5 years, over 71% of respondents stated that it will likely be a retailer of worth. Remaining survey individuals famous doable functions for Bitcoin in on a regular basis commerce, cross-border remittances, circumventing oppressive regimes and cost networks.
By way of regulatory points, 31% of the surveyed corporations famous the dearth of regulatory progress in 2019, whereas 53% of respondents characterised the regulatory atmosphere as blockchain and cryptocurrencies’ “public enemy #1,” in comparison with different threats.
Expectations relating to the trade
In late September, Large 4 auditor KPMG published a survey revealing that 82% of shoppers are open to utilizing blockchain tokens as a part of an current loyalty program, and 79% of surveyed respondents stated they’d be extra prepared to make use of blockchain tokens in the event that they had been confirmed to be easy — each intuitive and fascinating — to make use of.
That very same month, ING Financial institution’s survey showed that 4 in ten (41%) Europeans had excessive expectations for crypto, whereas about one in 4 (23%) had low expectations. Notably, a 3rd (32%) of the individuals interviewed imagine that cryptocurrencies are the way forward for on-line spending.
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