The researchers at Deloitte surveyed 1,053 senior executives at companies with $500 million or more in annual revenue in seven countries: USA, Canada, China, France, Germany, Mexico, UK.
More than one-third of respondents survey say they’ve already brought a blockchain implementation to production; another 41% plan to bring blockchain to production in the next year.
2018 global blockchain survey from Deloitte reveals that 84% of respondents are strongly bullish on blockchain’s potential, because of its ability to broadly scale and reach mainstream adoption. A majority also agreed that blockchain technology will disrupt their industry.
In addition, 84% think that blockchain is more secure than conventional IT systems.
According to the survey: “the most common answer when asked about blockchain’s advantages over existing systems was greater speed. This suggests companies are interested in leveraging blockchain’s real-time information exchange capabilities to speed up business processes and gain operational efficiencies. Additionally, 28% of respondents believe that blockchain can help them unlock new revenue sources and business models, underscoring the technology’s disruptive potential."
Overall, 60% believe that they will lose a competitive advantage if they don’t adopt blockchain.
BLOK saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 30, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 44 instances where the indicator turned negative. In of the 44 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
BLOK moved below its 50-day moving average on April 12, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BLOK crossed bearishly below the 50-day moving average on April 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BLOK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BLOK entered a downward trend on April 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BLOK's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on May 02, 2024. You may want to consider a long position or call options on BLOK as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BLOK advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
BLOK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Category Digitalccurrency