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.
The 50-day moving average for BLOK moved above the 200-day moving average on May 08, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The Momentum Indicator moved above the 0 level on May 25, 2023. You may want to consider a long position or call options on BLOK as a result. In of 72 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 355 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 341 cases where BLOK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where BLOK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BLOK turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows