New research from the Global Blockchain Business Council (GBBC) has revealed that 26% of institutional investors believe major listed companies will have to start proactively reporting on their plans and ambitions around blockchain. A further 38% think that it will be essential that they start to do this between the next three to five years, and only 13% of investors think that this is something companies will never have to worry about.
The GBBC is a leading industry association for the blockchain technology ecosystem, which brings together organizations and thought-leaders from over 40 countries to advance understanding of blockchain technology among global regulators and business leaders. The GBBC expects that some companies will soon have new positions at their director’s table. A ‘head of blockchain’ will become as much an integral part of running a business as the accountant or CEO.
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“Increasingly, the winning organisations of the future will be those that have a clear and comprehensive strategy for blockchain and those that are committed to implementing and using it to transform their organisations,” said Sandra Ro, CEO of the Global Blockchain Business Council.
A notable presence at Davos once again this year, they are running ‘Blockchain Central’ an event for all things blockchain related.
“There is little doubt about the potential impact blockchain can have on most sectors and key areas of everyday life”, said Ms Ro. “It’s not surprising that investors will soon want to know what companies are doing in this area, and that they have confidence in the executives chosen to implement the programmes”.
Companies must take on board that the most transformative technology we’ve seen in many years is here to stay and senior executives at large established businesses need to gain an understanding of blockchain if they are to remain relevant and not see themselves confined to the past.
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