Blockchain will show its best in asset tokenization and payments

Blockchain will show its best in asset tokenization and payments

Digital Currency Group (DCG) conducted an annual survey of its customers and it turned out that they expect the main use of the blockchain in payments and asset tokenization.

The survey showed that about a quarter of respondents expect that mainly blockchain will be used to tokenize assets. 30% of respondents believe that distributed registry technology will find its application in the field of payments.

Respondents also noted that the blockchain will be used to identify users and determine ownership, to create decentralized markets. According to 7.58% of the respondents, the blockchain will find application in the field of security technologies, and 4.55% of respondents noted the usefulness of the blockchain in tracking supply chains.

But about bitcoin, respondents answered more specifically – 71% of respondents expect that over the next 5 years, the first cryptocurrency will act as a means of storing wealth. Other survey participants noted the use of bitcoin in trade, international payments, payment networks and to counter authoritarian regimes. Interestingly, the other day, Steve Forbes called
Bitcoin is a means of combating authoritarian governments.

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Almost a third (31%) of respondents believe that the efforts of regulators in 2019 are insufficient, and more than half (53%) called the positions of regulators the “main enemy” of blockchain and cryptocurrencies.

As shown
ING Bank survey, the number of people related to cryptocurrencies is positive, neutral and negative, about the same.


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