Blockchain Adoption Optimism Suffers Setback at DTCC Fintech Event

A lot has changed since the DTCC last year held its first ever Blockchain Symposium.

Perhaps the most obvious shift is the name itself, which for Wednesday’s gathering, had become the ‘Fintech Symposium‘.

And, instead of a day of panels dedicated to blockchain, the corporation – which conducts on average about $1.5qn worth of transactions a year – only dedicated a single panel exclusively to blockchain.

But the change was perhaps nowhere more palpable than during an audience poll in which multiple questions on blockchain were repeated from last year’s event.

The audience was asked during both events, when a ‘production ready’ distributed ledger solution would be adopted by the industry. Notably, the attendees – consisting of several hundred financial leaders from a range of startups and corporations – dramatically changed their votes on the question.

At the 2016 symposium, the lion’s share of votes (32%) indicated that the audience thought mainstream adoption would happen within six months to a year. At yesterday’s event, however, only 3.9% of the audience cast a vote for the same time frame, a decrease of 28.1 %.

By comparison, the most frequently selected time frame at yesterday’s event showed 44% of the audience saying mainstream adoption would occur within 3–4 years, followed

Read more ... source: CoinDesk

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