PWC and Blockchain

16 Sep 2019 by svet

After covering in series of previous reviews E&Y, KPMG and D&T we're getting, at last, to PWC - by far the leading publisher of open-for-all reports about the state of DLT industry (its "ICO/STOs" analysis have been mentioned in group's posts more than once).

Today, however, I've chosen PWC's "Global Blockchain Survey 2018". The reasoning for that is, basically, to compare it with the similar report produced by D&T (see yesterday's post).

First of all PWC survey poll sample is more than twice smaller than that of D&T (600 against 1.4 thousands respondents). Secondly, although, PWC's report does not reveal its pool's geographic distribution, it appears that it is disproportionately dominated by USA corporations.

Otherwise it's difficult to explain why, while China is seen as a "blockchain leader" by 30% of pool participants and USA by 29% (D&T finding shows the much larger gap between those two), the 3d place is taken by Australia (zic!) - one of the most unfriendly places for DLT projects.

Thirdly, PWC respondents see "costs" (31%) as being the number one factor, which is "stalling blockchain progress" inside their companies. According to D&T the main barrier to blockchain implementation appears to be the lack of integration with internal systems. It might be, again, because PWC survey is unevenly includes too many representative of financial industry - traditional PWC clients.

As to the major similarity between D&T and PWC surveys it's, basically, the heavy accent those two consulting behemoths put on a "consortia", which is, probably, considered by senior partners of corporate consulting organizations as the important source of future leads and lucrative contracts. Well, at least, it can explain the phenomenal growth of "Ethereum Alliance" :)

Overall, imho, PWC survey is much less detailed, less informative and less original than that of D&T but have a significantly better look and creates a "nice feel" about it, which reveals that much more expensive personnel was responsible for its production in PWC than in D&T.