These days it is hard to find individuals or institutions that are unenthusiastic about blockchain. Brits, however, think differently: Almost half of them wouldn’t trust an organization using it, according to a new research.
IP EXPO Europe, which characterizes itself as “Europe’s number one enterprise IT event,” has carried out a research which revealed surprising facts. 35% of Brits deem an organization which uses blockchain untrustable. The reason — it might remind you of one Wall Street investor’s utterance — boils down to the fact that they know nothing about it.
Andy Steed, Director of Content for IP EXPO Europe, commented on the results: “Blockchain is a technology that many people in the industry are still struggling to wrap their head around, so it’s of no surprise that it’s also causing plenty of confusion for the general public.”
He proceeded to say that it is a concern that people “are stating a lack of trust in organizations who say they are using it.” He then emphasized that businesses should take time to explain how blockchain functions in simple terms.
“If you want to know more about how Blockchain can benefit your business make sure you attend Blockchain X, the dedicated Blockchain event at IP EXPO Europe 2018,” the press release reads.
The event will take place on 3-4 October 2018 at ExCeL London. It incorporates IP EXPO, Cyber Security X, Developer X, AI-Analytics X, Internet of Things X and Blockchain X.