About 61% of large global companies invest in blockchain solutions, the survey reveals. Blockchain surrender to the artificial intelligence and Internet of things, but bypassed augmented reality by popularity among top managers.

Consulting company Digital Enterprise Report and Okta conducted a survey polling 1050 executives responsible for technology development in companies with revenues of $1 billion and higher. 86% of respondents said their companies invested in at least one of four technologies (IoT, AI, blockchain, or VR) as part of their digital transformation strategy.

According to the results of the survey, the most popular technology which major companies prefer to invest in is the Internet of Things (IoT). About 72% of respondents began to finance solutions based on IoT. The second place by popularity is occupied by solutions based on artificial intelligence. 68% of respondents confirmed that their companies invested in AI solutions and applications. Blockchain was ranked third, with 61% of respondents saying that their companies invested in blockchain-related solutions, while augmented reality achieved only 58%.

 

 

The analysts polled executives working in automotive, education, entertainment, financial and insurance services, food industry, health care, government organizations, engineering, retail and hotel services. Slightly less than half (42%) of companies have an annual income of between $2 and $10 billion, but companies whose income exceeds $30 billion also took part in the survey.

Furthermore, today it was publicly admitted that the PayPal payment system took part in the funding round of the Cambridge Blockchain startup, which helps to manage critical data using distributed ledger technology. For PayPal, this is the first investment in a blockchain startup.

“We made an investment in Cambridge Blockchain because it is applying blockchain for digital identity in a way that we believe could benefit financial services companies including PayPal. Our investment will allow us to explore potential collaborations to leverage blockchain technology,” PayPal told CoinDesk.