IBM Beats Microsoft in Blockchain Technology

Blockchain technology is cropping up everywhere these days, from copy machines to the financial industry. However, a recent survey called the "Blockchain Enterprise Survey” indicates that IBM is most successful at deploying Blockchain technology solutions.

Undertaken by market research firm Juniper Research, the survey included four hundred top-level executives and concluded by ranking IBM before other industry giants like Microsoftand Accenture.

The survey also painted an encouraging picture for the future of Blockchain technology. Among those who responded, 67 percent said they had already invested more than $100,000 into the technology, and 91 percent said they would be spending at least that amount in 2017.

Increasing awareness, deployment

The report also indicated that awareness of Blockchain technology has risen dramatically over the past 12 months, suggesting a far greater adoption paradigm than had been previously thought. The survey said:

“It is clear that companies across the board have a significantly greater understanding of blockchain technology than was the case 12 months ago. This stems in part from a surge in R&D (research & development) both internally and in partnership with third parties, with a recognition that Blockchain has the potential to be deployed in a variety of use cases. As the number of research projects has increased so, too, has awareness, both amongst the participants and elsewhere in their industries, with competitor companies in turn beginning to consider whether they, too, should seek to gain competitive advantage from deployment.”