Nearly half of IT execs in a recent survey believe blockchain will change the way their companies do business over the next three years, and that the top benefit blockchain will enable is improved business efficiency.

Along with the 48% who indicate blockchain will likely change business practices, 41% percent of respondents to a KPMG survey said they're "likely" or "very likely" to implement blockchain during the same timeframe.

[ Further reading: CIOs, you’re doing blockchain wrong ]

"Based on the trajectory of blockchain in the marketplace and the number of clients in our portfolio who express an interest in implementing – not just learning about – blockchain, 41% is a surprisingly low number," Tegan Keele, KPMG's U.S. Blockchain Program leader, said in a blog post.

To read this article in full, please click here