Earlier this year, IBM conducted the largest study to date on the state of adoption of blockchain. The study interviewed almost 3,000 C-Suite executives from over 80 countries and 20 industries to learn about their company’s blockchain plans. Survey responses where classified into three groups: explorers, investigators and passives.
Explorers are already involved in blockchain pilots and experiments. They make up an average of 8 percent across all industries, with higher activity in certain industries like financial services. 25 percent of organizations are investigators, - considering but not yet ready to deploy blockchains, and 67 percent are passives, - not considering blockchains so far.
These survey results are not surprising for a technology as new and complex as blockchain. With such technologies, you typically have a relatively small number of early adopters. A larger number of followers are waiting to learn from the early adopters’ experiences, while the laggards are not yet sure what the technology is about or if it applies to them.