Leading global IT, consultancy and business process firm, <a href="https://www.wipro.com/blockchain/form/state-of-enterprise-blockchain-market-2020/" target="_blank" rel="nofollow noopener">Wipro</a> in a partnership with research firm; HFS on March 5 released a new <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wipro.com%2Fblockchain%2Fform%2Fstate-of-enterprise-blockchain-market-2020%2F&amp;esheet=52184641&amp;newsitemid=20200305005457&amp;lan=en-US&amp;anchor=click+here&amp;index=1&amp;md5=0d29f86c578eaae3233166f060bbd905" target="_blank" rel="nofollow noopener">report</a> on a study about blockchain technology. The new blockchain report reveals the magnitude of adoption of the technology in the industry today; and what the future has in store for the tech beyond 2020.

Moreover, the report dubbed ‘Ignore blockchain at your peril, but don’t drive blindly’ was extensively conducted globally with 300 senior executives, over 100 level C executives most close to their firm’s blockchain initiatives; plus a deep examination across 940 blockchain projects in the industry today.

The report explores the current state of affairs and the future of enterprise blockchain adoption. Additionally, the report shares insights on why digital ledger technology is a value addition tool; the business solutions it can and cannot offer and how enterprises can navigate through blockchain adoption challenges.
<h2>75% of Executives have Prioritized Enterprise Blockchain</h2>
<img class="aligncenter wp-image-161202 size-full" src="https://www.cryptoknowmics.com/crypto/wp-content/uploads/2020/03/blockchain-technology.jpg" alt="" width="1500" />

Moving forward, the study employs Wipro’s major clientele case studies to reveal the data, context and blockchain adoption real-life insights. According to the report, over 75 percent of executives view the DLT technology as a priority investment. However, 1 percent of them view it as wastage of resources and unnecessary.

Additionally, the report claims the over 95% of enterprise blockchain initiatives address wide areas in the industry; namely, identity, <a href="https://www.cryptoknowmics.com/crypto/cryptocurrency-trading-pioneer-rana-yared-exits-goldman-sachs/" target="_blank" rel="noopener">cryptocurrency</a>, investment, payments, supply chain, and finance.

According to the report, close to 75 percent of executives are betting on blockchain technology to impact their business entities positively in the near future. They believe that blockchain will enhance efficiency, work management perfection, secure and efficient data management and great business performance.

In conclusion, the adoption of <a href="https://www.cryptoknowmics.com/crypto/samsung-to-develop-blockchain-based-financial-services-with-credorax/" target="_blank" rel="noopener">blockchain technology</a> is in evolution but quite a challenging one, as per the report. Yet despite the challenges, an impressive 75 percent of all the blockchain initiatives globally is less than 2 years old and only 14 percent have evolved to the production stage. According to the report, the report was carried all over the world covering almost all major sectors of the economy.

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Wipro Report: ‘Ignore Blockchain at Your Own Peril’

Leading global IT, consultancy and business process firm, Wipro in a partnership with research firm; HFS on March 5 released a new report on a study..%

I'm a believer in decentralization. An enthusiastic author, web geek &amp; writer with experience writing for tech, digital, and cryptocurrency blogs.

Wipro Report: ‘Ignore Blockchain at Your Own Peril’

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