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Most C-level executives and high-level IT managers see regulatory complexity as the primary reason more companies are not adopting blockchain distributed ledger technology (DLT), according to a recent survey.
The poll of 83 "senior professionals" from a variety of industries was done by Ernst & Young (EY) at its annual Global Blockchain Summit in San Francisco. Released this week, the results showed that 61% of respondents believe complex regulations are impeding adoption; 51% cited issues around integration with legacy technology; and almost half – 49% – pointed to a lack of general understanding of blockchain's capabilities.