Blockchain to Lead in Funds and Asset Tokenization
Nearly 23% of Digital Foreign money Group (DCG)’s portfolio companies imagine that asset tokenization would be the subsequent main use case for blockchain. To arrange the survey, DCG acquired responses from greater than 60 of its portfolio corporations.
In keeping with DCG’s 2019 annual survey, 22.73% of its portfolio corporations recommend that blockchain shall 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 reality 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) greatest use case within the subsequent 5 years, over 71% of respondents stated that it is going to be a retailer of worth. Remaining survey individuals famous attainable functions for Bitcoin in on a regular basis commerce, cross-border remittances, circumventing oppressive regimes and cost networks.
When it comes to regulatory points, 31% of the surveyed corporations famous the dearth of regulatory progress in 2019, whereas 53% of respondents characterised the regulatory surroundings as blockchain and cryptocurrencies’ “public enemy #1,” in comparison with different threats.
Expectations relating to the trade
In late September, Large 4 auditor KPMG printed a survey revealing that 82% of customers are open to utilizing blockchain tokens as a part of an current loyalty program, and 79% of surveyed respondents stated they might be extra keen to make use of blockchain tokens in the event that they have been confirmed to be easy — each intuitive and interesting — to make use of.
That very same month, ING Financial institution’s survey confirmed 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.