Finance, healthcare to increase blockchain use in next 2 years, investors say

Investors cited financial services, banking and healthcare as industries that are likely to increase their use of blockchain technology in the next two years, according to a recent survey reported by Cointelegraph.

The Global Blockchain Business Council, a trade association for blockchain ecosystems, tapped market research firm PollRight to poll investors — including those from private equity, hedge funds and pension funds — about business executives' attitudes toward blockchain. PollRight interviewed 71 investors in December 2018 and January 2019 for the survey.

The majority of investors (76 percent) said senior business executives at large companies aren't committed to blockchain. Some of this hesitance may be tied to lack of understanding: 63 percent of respondents said senior business executives have a poor understanding of blockchain, and only 7 percent described these executives' understanding of blockchain as "good."

However, investors still said they expect global expenditures on blockchain to more than double this year. One-third of respondents indicated financial services and banking would dramatically increase their use of blockchain in the next two years. Healthcare and digital identity were other industries the survey respondents called out as likely to experience a growth in blockchain applications.

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