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PWC says “Regulatory uncertainty and trust are barriers to blockchain adoption amongst businesses”

PricewaterhouseCoopers (PwC), the second largest professional services firm in the world, and is one of the Big Four auditors, along with Deloitte, EY, and KPMG.

According to a research released August 27 by ‘Big Four’ auditing firm PricewaterhouseCoopers (PwC).

New research from PwC titled as “Blockchain is here. What’s your best course of action?” – overviewed 600 officials in 15 domains, incorporating 41 in the UK, on their developments of blockchain and perspectives on its potential.

Four out of five officials around the globe (84%) report having blockchain activities underway, with a fourth of these (25%) having completely live blockchain executions or pilot ventures running. However, in spite of the potential that blockchain holds, administrative vulnerability and trust remain the greatest boundaries for more extensive business adoption.

Blockchain leader at PwC, Steve Davies, said:

“Businesses tell us that they don’t want to be left behind by blockchain, even if at this early stage of its development, concerns on trust and regulation remain. Blockchain by its very definition should engender trust. But in reality, companies confront trust issues at nearly every turn.”

 

About Steve Anderrson

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Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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