Blockchain Adoption Not a Priority for Finance Executives, KPMG Poll Shows

Editor's Note: Original text fromcointelegraph,authorAna Berman, compiled by Odaily Qin Xiaofeng, please be sure to indicate the source when reprinting.

(picture fromcointelegraph）

Editor's Note: Original text fromcointelegraph,author

, compiled by Odaily Qin Xiaofeng, please be sure to indicate the source when reprinting.

image description

(picture from

According to a recent poll conducted by KPMG, one of the Big Four accounting firms, most tax and finance executives do not consider adopting blockchain technology. The findings were published on Tuesday, April 9th ​​at

published on

In February 2019, KPMG conducted a survey titled “Understanding Blockchain – It’s Not Just About Cryptocurrencies” during a webcast. During the course of the investigation, KPMG asked about 450 tax and finance executives from various companies about blockchain and other technologies.

Overall, the survey results show that tax and finance executives are seeking different solutions to the day-to-day aspects of their teams' operations; however, adoption of blockchain technology is not a priority.

At least 60% of respondents indicated that they would like to deploy blockchain in their company for some repetitive tasks; however, 67% have not used the technology to date and another 27% are not sure about their company Are you using blockchain technology.Respondents also cited key factors hindering the implementation of blockchain within their companies. Lack of resources and funding were cited by 33 percent and 22 percent of respondents, respectively; others cited lack of access to technology decision makers and lack of technical capabilities.David R. Jarczyk, head of blockchain innovation and head of taxation at KPMG, believes that blockchain could significantly improve the workflow of high-profile teams. He added that while blockchains perform day-to-day work, they can focus on analyzing data.

Blockchain is like a spreadsheet on steroids, automating certain tasks, increasing transparency, speed, and reliability, and providing a single source of transactional information.investigationEarlier (at the end of 2018) a KPMG

According to the survey, 48% of business executives believe that blockchain is very likely or very likely to change the way their business operates in the next three years; 41% of respondents said they are likely to use this technology; only 27% of respondents Interviewees claimed that the technology did not affect them at all.pollA Global Blockchain Business Council (GBBC)

investigation

40% of institutional investors believe blockchain is the most important innovation since the internet; however, less than a third say their companies need to find a blockchain board member within the next five years The head of the chain.Another project by software development company GlobantpollThe survey revealed that 64% of organizations intend to invest in blockchain solutions to improve their internal operations, while only 46% of respondents are willing to deploy the technology.At present, the blockchain is facing an embarrassing situation. Even though more enterprises are aware of its importance, they do not intend to deploy it or do not know how to deploy it.