PwC published a study entitled “French companies conquering the blockchain”. The consulting and audit firm provides an overview of 80 French companies and retains 10 key lessons.
A study on the French ecosystem
PwC offers via this study an overview of the French blockchain ecosystem . It is based on the testimonies of more than 80 French companies , blockchain “pure players” or “traditional” companies from different sectors, but also personalities such as Domitille Dessertine , director of the Fintech Division of the AMF and Alexandre Lemarchant , sales manager at Ledger.
The study also presents important initiatives launched in 2020 such as EDF’s Exaion subsidiary, which has become a validator on the Tezos blockchain, or Société Générale through its Forge subsidiary, which is experimenting with a central bank digital currency (CBDC).
The study reveals a proliferation of blockchain projects within traditional companies and a significant increase in investments, but also certain obstacles. The difficulties identified are diverse in nature, namely:
Lack of relevant training
According to the study, the year 2020 marks the structuring of the teams and budgets allocated to blockchain in French companies. It is made up on average of 5 people in VSEs and SMEs for a budget of 100,000 euros and 20 people for a budget of 1 million euros in large companies.
Second lesson , the study shows that the blockchain is nothing more than an insider’s story. There are more projects initiated in 2020 in “traditional” companies than among blockchain “pure players”.
The financial services are the first sector hit by the blockchain, focusing on its own 57% of the projects .
According to PwC, 87% of companies (pure players and traditional companies) anticipate a strong development of blockchain in France in the next 3 years , proof of confidence in the French ecosystem.