A survey of 350 Chinese companies reveled that most corporates still feel the same way about crypto as they did before the Covid-19 pandemic. The study which is called “Blockchain in the Post-epidemic Age” showed that 70% of the companies surveyed in the pre-pandemic age, remain optimistic about the potential of Blockchain technology. Up to 20% are ready to invest more in response to this crisis.
Multiple industries still bullish
Many in industry believe that the Blockchain will be vital to a post-Covid economic recovery. This Blockchain-aided recovery in the opinion will only kick off if implementation of Blockchain technology is done properly. Respondents to the study according to Xinhua, were picked from ten different industries including; manufacturing firms, Blockchain related firms, commerce, supply chain management, and finance. Some of the experts that gave their input in the survey had this to say;
“Industrial Blockchain deeply serves the core body of social production-enterprises. As a trusted data network between enterprises, Blockchain solves the problem that traditional centralized databases cannot generate trust among enterprises and solves the trust problem of multi-party collaboration.”
Blockchain technology still popular
Researchers agree that Blockchain technology is ideal for reversing the effects of a disaster such as the one being experienced right now globally. Its use in various sectors such as medicine, logistics, education, and food supply will help the world a great deal. Although the global outbreak forced many companies to halt the development of Blockchain, most firms are still solidly behind the technology. Some huge financial commentators in the U.S are already calling for a digital dollar. Huge projects such as Libra will also not disappear into thin air because a pandemic happened. It is widely expected that the push for Blockchain will continue maybe even stronger after the pandemic.
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