The hype around the blockchain is majorly increasing as many companies are now saying that they are highly involved particularly in the technology, as per the survey that was published by the PwC on this Monday. It is being said that nobody wants to be left behind when it comes to blockchain and hence everybody is talking about the same everywhere. In the survey that was published, nearly 84 % of the total companies were said to be involved majorly in the technology, as per the executives from the respective companies. The survey was conducted on a huge scale and included as many as 600 executives from nearly 15 territories.
Blockchain is basically a technology which underlies the types of cryptocurrencies including the bitcoin. The transactions are actually recorded on a distributed, public ledger by it and the third party is not needed in most of the cases thus making the job much easier. The technology is said to be not only fast but also very secure, as compared to the other modes, and is getting tested for many industries.
The PwC said that the companies always confront whatever trust issues there might be, when it comes some of the issues regarding the features of the same, and it is done at every turn. While some of the popular investors including Jamie Dimon and Warren Buffet have said that people must be very cautious while investing in the cryptocurrency owing to the large potential threats related to the same, they also trust the underlying technology of the same and are highly assertive about it.
But despite everything, it is expected that there is still some time left for the widespread adoption of the cryptocurrencies. Some researchers have been saying that it will take nearly 6 more years for the feat to be achieved, despite the increasing interest of the same.