ipl-logo

Blockchain For Fintech Survey

1560 Words7 Pages

This report presents the main results of the Survey Q1_2017 on the Blockchain for FinTech, which was conducted between ___ and ___ 2017.
The total sample size was 105 respondents, 25% of which are Executive and Senior level Managers.
The report mainly provides information on the competence of the respondents in comparison to the companies’ engagement in the blockchain sphere; evidence of importance; specific area of interest; barriers to development and companies’ needs. In addition, the report identifies and provides an overview of the journey drivers, which boost involvement in the Blockchain Technology.
According to the Survey on the Blockchain for FinTech the significant difference between First-Level Management and Executive level management …show more content…

It can be clearly seen that there is a gap between personal and company’s development.
Most of the respondents assess own competence above average. At the same time, the companies’ capacities in the blockchain are far behind the respondents’ involvement. As the most of the respondents are the managers, we can make a conclusion that the managers realize lagging of the companies.

It is notable that 18% of respondents state that the companies’ engagement with the Blockchain Technology is zero. Only the 3.8% of respondents consider companies’ blockchain competence at the highest level 10 out 10 points. Most of the respondents (17%) estimate its own competence above average with general score 8 out 10.

The following chart shows the individual blockchain competence level of the respondents according to their professional standing. The First level and Executive managers have 6.4 and 6.3 points out of 10 respectively. It is appears that the First level and Executive management are the most qualified among the rest. In addition, the blockchain knowledge of the First level and Executive managers is even higher than Technical and Engineering personnel (6.2 out of …show more content…

Especially, the 100% of respondents who do not involved in a business count the creation of new business as major driver for the learning blockchain.
The employees of middle size companies (50-249 employees) the same show interest in start-up business. The 60% of participants working in the middle size companies indicate creation of new business as the reason to deal with Blockchain Technology.

To sum up, the small and middle size companies along with the largest corporation are interested in creation new business in Blockchain Industry. It is reasonable as the Blockchain Technology provides an opportunity for the disruptive growth.

The following chart shows, which journey drivers are important with regard to job level of the respondents.
According to chart, the 16 of the respondents working in the First-Level Management view the creation of new business as a key driver for the development in the Blockchain Industry. The same the 17 respondents of Executive level management view new business as a purpose in the Blockchain

Show More
Related

The Organizational Structure Of Apple And RSPCA

919 Words | 4 Pages

The structure of Apple can help this business to achieve this aim because Apple recruits employees to carry out this duty and they can achieve this aim by persuading customers and pricing their products/services at a price where Apple generates profit on every sale the make. The structure of this business is tall and this is advantage as different departments can work together such as R&D and Marketing departments to develop new products at a price which attracts customers to purchase and the business can achieve the aim as well. The second aim for Apple is “to produce hassle free products which provide services and enjoyments for customers while retaining the position as market leaders”. This aim can be achieved with the help of organisational structure of Apple and the functional areas. R&D department can help to accomplish this aim as it can research and develop existent products/features and then testing it out by customers to gain their feedback which is valuable as they can improve on their products and launch it in the market and this can benefit Apple as they will achieve the aim and retain their position as

Read More

Case Study Dynacorp

1336 Words | 6 Pages

Introduction A company’s success is measured by how well it is structured and organized in order to adapt to the changes in environment as well as the changes within itself such as the company’s scale, employees, product scope, etc. Having a suitable, well-structured organizational frame will not only increase the chance of being success but also prolong the company’s lifespan compared to an un-structured one. It is important to note that an organization’s structure needs to fit in with the current situation and does not necessarily required remain unchanged over time. Taking Dynacorp as an example, even though its functional structure contributed to the vast growth of the company at the start, its limitation in dealing with the changes within

Read More

Task 6 Core Competencies

298 Words | 2 Pages

2/17/2017: Core competencies that were developed are noted. The candidate utilized Information technology, privacy and data security for maintaining security of data, and evaluating feasibility and profitability competency for evaluation of products and services. 2/17/2017: Application of core competencies relative to ethics of data security, cloud computing technology, cost consideration, timeline, data utilization, risks and licensing were discussed with good details. 2/17/2017: Figuring out recommendations and financial impact of recommendations were the obstacles encountered during Task 4.

Read More

PSD2 Week 9 Final Paper

797 Words | 4 Pages

Digital banks such as N26, Fidor and atom bank are giving more control to the customer over personal account data because of PSD2 and open banking initiative. According to the PwC Strategy& study on PSD2 88 percent of consumers use third-party providers for online payments, which indicates that there is a large, primed base of customers for other digital banking services. Moreover, 85 percent of the respondents are happy with companies like Amazon and PayPal controlling money transfers as reliably and securely as their banks. This shows us third party providers has earned consumer’s trust, giving an opportunity to fintech’s to expand due their simplicity (Strategyand.pwc.com, 2017). This is because app based banks simply running off a simple smartphone are becoming increasing present and contributing in removing the old, slow fashioned way of banking due to PSD2 and open banking, as now with just a few taps, friends and family can exchange money, track spending, freeze a card and set budgets.

Read More

Federal Reserve Vs State Farm

831 Words | 4 Pages

Its management team comprises of seven members under the leadership of Michael Tipsord who is the Chief Executive Officer. As well, the board consists of fifteen board members and advisors that report to the

Read More

Top DC Executive Recruiters And Where To Find Them

446 Words | 2 Pages

Top DC Executive recruiters and Where to Find Them With slightly over 50% of its population holding college degree, Washington DC is said to be the most competitive market for college graduates. The existence of numerous qualified candidates and job openings for executives and professionals has seen many recruiters set up shop in DC. According to Wtop.com, the highest paying jobs by demand in DC include; management positions, sales representative, registered nurses, computer system engineer and information security analysts.

Read More

Hrm 300 Week 1 Business Education Paper

629 Words | 3 Pages

An entrepreneurship or working for a business involves organization and being familiar with the functions, types and levels of management (Bethel University, 2011). Planning, organizing, leading, and controlling are relevant to the business of any organization or company. The roles performed by each leader and employee determine the success the organization may have. When a company is providing a product or service to the public, how it handles challenges day to day either drives the company to success or causes a business to fail. How do these factors affect establishments today?

Read More

How Does Technology Grow Throughout The 19th Century

227 Words | 1 Pages

Businesses have seen how useful technology can be towards exploiting there grow but the downside of this

Read More

Vice President Of The Human Resources Department At Dynamo Industries

270 Words | 2 Pages

My second choice would be Frank Hall because he knows what it takes to run a plant. Even though he works for one of Dynamo Industries competitors, he has knowledge of how to manage a department.

Read More

ASDA Is The Public Sector

447 Words | 2 Pages

The Purpose of the business? The purpose of any business is to make profit and become number 1 company is there category for example like asda it’s about coming number 1 in the groceries stores. ASDA is wanting to make the standard increase for the services.

Read More

Personal Interview Paper

884 Words | 4 Pages

First, these companies are embracing innovation that is the epicenter of determining the optimal solution finding. Accordingly, the industrial growth is likely to face enough or sufficient support by the IT companies. The level of competition between the existing companies is one factor leading to the development." at the beginning there is a number of companies have their own internal IT division, and I think those companies found it hard to keep their employees up to date with changes in technology. So, what evolved overtime are separate IT companies that as consultant will come in, and help larger organization maintain their IT infrastructure.

Read More

Jack's Shoe Store 18 Case Study

1823 Words | 8 Pages

Jack had not sold anything on the Internet before. Having learned about the new possibilities, he decided that it was time to try selling their shoes via the Elementh blockchain, using special applications for sellers. Setting up a store was simple and took several minutes. Having connected his accounting program to the application, Jack managed to recognize stock balance and bind it to a single nomenclature with fine merchandise cards and complete data of the product features. Information about Jack's goods immediately became available to all members of the Elementh network.

Read More

Is The Stock Market Good Or Bad

441 Words | 2 Pages

Where people invest their own money into percentages of companies. Lastly Gambling is a large contributor because people like the rush and having chances of making more money. High Frequency Trading is important to the market because it allows people to get out of the business if they want to. This also allows more customers and/or investors to be introduced into the Market. What's good for the new investors

Read More

Informative Speech: Bitcoin And Other Cryptocurrency

835 Words | 4 Pages

Specific Purpose: The purpose of my speech is to inform the audience of Bitcoin and other cryptocurrencies. Thesis: Every year since 2009 Bitcoin has been growing its own economy without any government regulations. Introduction I. Attention Getter:

Read More

Organizational Structure Of Nestle

1276 Words | 6 Pages

The top management is the final authority and it manages policies and aims for an initiative. It basically focuses on coordinating and planning functions. Led by Chairman Peter Brabeck-Letmathe, the Board has 14 members to handle different parts of the business round-the-globe, supported by Chairman’s and Corporate Governance Committee, Nomination and Compensation Committee, Audit Committee, and Finance Committee.  Middle Level of Management: The branch managers and departmental managers constitute the middle level.

Read More

More about Blockchain For Fintech Survey

Related Topics

Open Document