Blockchain Adoption Faster Than Expected

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study released last week by IBM indicates that blockchain adoption by financial institutions is on the rise and beating expectations. This is good news for IBM, which is betting big on the database technology that was brought to prominence by Bitcoin. Yesterday, Big Blue announced that it has made its Watson-powered blockchain service available to enterprise customers.

For its study, IBM’s Institute for Business Value teamed with the Economist Intelligence Unit to survey 200 banks spread through 16 countries about “their experience and expectations with blockchains.” The study found that 15 percent of the banks surveyed plan to implement commercial blockchain solutions in 2017.

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