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Algo Rhythm: Global executives yet to see India as leader in blockchain

A mere 5 per cent of the respondents saw India as a leader in blockchain currently, which is expected to remain largely unchanged in the next few years

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Business Standard

Last Updated : Nov 28 2018 | 9:50 PM IST

While blockchain is seen as the next emerging technology, business executives around the world are yet to see India as a potential leader in this space.

According to a PwC report which surveyed 600 executives across 15 territories, the US will cede its leadership position in blockchain technologies to China sometime in the next five years.

A mere 5 per cent of the respondents saw India as a leader in blockchain currently, which is expected to remain largely unchanged in the next few years.

In terms of sectors, as expected, financial services continues to drive innovation in blockchain, followed by industrial and manufacturing.