Study: 11% Spanish companies use blockchain – Bits Media

According to a study by the Spanish division of the consulting firm IDC, 11% local companies use blockchain.

In Spain, distributed ledger technology is being introduced as government agencies, and private firms, as well as universities. By data IDC Spain, Among large corporations, The use of blockchain and cryptographic technologies reaches 46%.

In the report “The Art of Blockchain and Cryptographic Technologies in Spain”, analysts note a significant increase in the use of distributed registry technology among local companies - a year and a half ago this indicator was the total 1%.

Interest in blockchain is shown by every fourth Spanish company, However, they actively use the technology in their work only 11% respondents. Among the logistics companies of the system based on a distributed registry technology are used in 17% firms of this industry.

RealSec Director General, which helped IDC Spain in the research, Jesus Rodriguez (Jesus Rodriguez) noted, what, although the use of blockchain in the corporate sector of Spain is growing, Such systems still need to prove their effectiveness and advantages over centralized and traditional solutions.

“The new economy requires the adoption of new business models, based on digital innovation. And in this context in 2020 year blockchain began to be perceived as an effective technology, allowing to reduce costs and risks. Blockchain has become one of the strategic technology, which wants to use a large number of companies ", He emphasized.

Note, that the authorities of Spain are positive about blockchain, However, the ratio of the attitude to cryptocurrencies is more strict. In the middle 2020 year local cryptocurrency companies have ordered to register in the Central Bank of the country.