Stats: Only 22% Irish Companies Understand Blockchain. Now The Government Is Fixing It

When it comes to the adoption of new technologies, awareness plays a key role. And to create awareness, the government can play a key role.

That’s exactly what is happening in Ireland.

While Irish corporations are largely clueless about how they can use blockchain in their businesses, the government has realized its importance. Now the Irish government is doing whatever it can to add blockchain technology to companies.

That’s right. Recently a survey was conducted by TechBeat and Expleo to understand how Irish organizations cope with digital change. Questions were asked to the participant organizations regarding the role of various new technologies, including blockchain, in their business. And the most surprising answers came about blockchain technology.

Here are the stats:

• More than 36% of respondents said that blockchain is not relevant to their organization right now. Out of these respondents, 14% felt that blockchain is NEVER going to be relevant to their organization.
• 24% of the respondents said that though blockchain is important for their organization, the employees don’t understand it well enough, so it can’t be implemented at the moment;
• 22% said that they’re already using blockchain or running a pilot;
• And finally, 18% of respondents said that they’ll explore blockchain and its benefits next year. But only 6% of these respondents plan to start using blockchain in next 12 months.

In short, only 22% of the enterprises surveyed understand the benefits of blockchain and are using it actively. This shows how strong is the need for blockchain awareness generation among Irish corporations. And fortunately, the government has decided to play a role in that.

Blockchain Ireland: An effort to create blockchain awareness

The Irish government and some companies in Ireland have joined hands to start an initiative called Blockchain Ireland. This initiative aims to educate people about the benefits and applications of blockchain technology.

The initiative has already been joined by ConsenSys, Bitcoin Marketing Team, IBM and many other leading companies of the finance and technology sector.

In a nutshell, they’re off to a good start. Now the next step is to do the hard work. With this, the Irish government has set an example for others to follow.

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