According to a study carried out by the identity management company Okta, 61% of major digital companies are investing in blockchain, cryptos' underlying technology.
The San Francisco-based company, which is specialized in enterprise identity management, has just unveiled this information in a recent study about the development trends of the world's leading companies.
In order to conduct the study, the firm surveyed companies from all over the world between January and February 2019 to find out how they integrate new technologies into their businesses.
The results of the study show that most companies have invested in the Internet of Things (72%) and Artificial Intelligence (68%).
However, 61% of the participants in the survey said they had invested in blockchain technology.
The market research company International Data Corporation has recently reported that global spending on blockchain will jump to nearly $2.9 billion in 2019, 88.7% more than last year.
Why it is important
- Many countries, companies and institutions are showing a growing interest in this new technology. Some people mistakenly believe that blockchain and cryptocurrencies are the same. However, this is far from reality. Blockchain is actually the cryptos' underlying technology, so it is not difficult to find, for example, some countries that do not accept cryptocurrencies but do invest in blockchain. China, as an example, has banned cryptocurrencies in its territory, however, the country is actively investing in the development of blockchain.
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