Corporate Blockchain Adoption Reaches 44%, Says Survey

Indian telecoms giant Tata Communications named the key barriers to blockchain adoption for businesses globally, in a survey published Dec. 12.

Part of a survey on emerging sectors — dubbed ‘The Cycle of Progress’ — Tata’s report noted concerns around costs, security and privacy as the “key adoption barriers for business decision makers” considering the implementation of new technologies.

The survey also highlighted a growing skills gap as one of the major challenges in the adoption of new technology, including blockchain, artificial intelligence (AI) and the Internet of Things (IoT).

The report also noted, however, that “[r]egardless of where their business is on its digital transformation journey, decision makers are firmly focused on the positive impact