Three-Quarters of Companies Aren't Diving Into Blockchain

(Bloomberg) -- Need more evidence that blockchain isn’t the cure-all for Corporate America? Well, a new report from PwC says adoption of the technology is stalling.

While many companies are researching or tinkering with the distributed-ledger technology, only 15 percent of them have a live project and only 10 percent are piloting blockchain’s use, according to PricewaterhouseCooper’s survey of 600 global executives.

Three-Quarters of Companies Aren't Diving Into Blockchain

Costs of replacing and integrating with legacy infrastructure are to blame in large part, Grainne McNamara, a principal at PwC, said in a phone interview. Many organizations are also having a hard time proving that the technology is better than what they already have and offers a good return on investment, she said.

"It’s a little bit stunning how stagnant it is," McNamara said. "A lot of people took a few steps and are pausing before the bridge. They might be having a hard time articulating the ROI."

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