Deloitte survey: “Cryptoassets will become an alternative to fiat currencies within 10 Years " - Bits Media

According to research by Deloitte, blockchain and cryptocurrencies have great potential in business, but there are obstacles to their implementation.

Annual Global Survey Results
Deloitte on blockchain and cryptocurrencies among financial professionals showed, what in the opinion 76% respondents digital assets “will be a strong alternative or complete replacement for fiat currencies in the next 5-10 years”.

Deloitte is part of the "big four" consulting firms along with KPMG, Ey и Pwc. For the past four years, the company has been conducting a blockchain survey among financial organizations. Survey 2021 years - first study, in which commercial activity using blockchain is directly considered.

The company's researchers interviewed more 1000 financial specialists from Brazil, China, Hong Kong, Of Japan, Singapore, South Africa, United Arab Emirates, Great Britain and the USA. The survey was conducted with 24 Marta by 10 april, During the period of rapid growth of the cryptocurrency market this year.

Around 81% respondents agreed with that, that the technology is “widely scalable and has become widespread”. Wherein 73% consider, that their employers should add blockchain and digital assets or they will lose a competitive advantage.

but 65% respondents consider the current financial infrastructure one of the biggest obstacles to the adoption of digital assets. According to 63% respondents, Cybersecurity – Another obstacle, but 60% Noted regulatory risks.

Despite the problems, Cryptocurrencies are very popular among professional financiers, participating in the survey. According to 43% respondents, their companies may start receiving payments in cryptocurrencies, but 45% will tocenize their assets. Around 44% of respondents said, that cryptocurrencies will allow their institution to access decentralized finance.

According to the Deloitte survey in November last year, Many financial organizations planned
increase the costs of the introduction of blockchain in 2021 year.