Fortune 500: 94% of executives Surveyed have Plans for Blockchain Projects
A survey of 200 Fortune 500 executives has highlighted the advance of blockchain technologies and their success in the near future.
The survey, commissioned by Rapid Innovation, showed that respondents are convinced that blockchain technology has the potential to change the global economy. The Fortune 500 companies want to keep up.
The topics of the survey were: the best use of blockchain development for companies, the possible impact of regulations on the introduction, and the preparation of various industries for the application of the technology.
Fortune 500 Companies Want to Keep Up
Rapid Innovation says that several of the leading technology companies are exploring many things on the Web3. Such as publishing their own native tokens to associate their company names with the Metaverse. “Large software companies have created new divisions of the company, which are engaged in the possibilities of data exchange and automation of workflows using distributed ledger technology and blockchains. Meanwhile, online retailers are also working on integrating Bitcoin and other cryptocurrencies as a means of payment.“
Jesse Anglen is CEO of Rapid Innovation. “I can’t help but think about the innovators’ dilemma. Companies have to adapt their operations in order to keep up with revolutionary technologies. If you do not do this, you risk being overrun by new companies. The best thing Fortune 500 companies can do today is invest heavily in R&D. You need to make sure that you really understand blockchain technology and its impact on the business. This is the only way they can adapt and grow so that they do not fall into oblivion.”
“Over the next 5-10 years, the crypto and blockchain industry will continue to grow exponentially. New passionate newcomers are added every day. Everyone, from mothers to private investors, to companies, asset managers and ultimately independent nations, will use this new technology in one way or another. All areas will benefit from this. Not only finance, but also art, collections, music, games, social networks, telecommunications, supply chains and many more. We believe that any technology that contributes to greater peace and economic prosperity will have a positive impact on the world.“
89% of Fortune 500 executives believe that the next 10 years of Web3 innovation will determine the next 100 years of the economy. With regard to regulations, 37% of the respondents were unsure what the near future will bring. However, everyone thought that the development of the Web3 is no different from the beginnings of the Internet.
“The government is aware that it has to regulate the whole thing in order to protect investors. Nevertheless, they do not want to stand in the way of innovation, so that at some point they will be leaders in this new technology.”
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