More than half of tax and finance executives are interested in adopting technology to automate routine tasks, but most are not considering blockchain as a solution because of a lack of resources, funding and technological capabilities, according to KPMG.
The company this week released data from a February survey of about 450 tax and finance execs who responded to various questions on blockchain and other technologies. While 60% of respondents said they would be willing to adopt technology to automate repeatable tasks, 94% said they are not now using blockchain or are unsure whether their organizations are using the technology.
[ Further reading: What is FinTech (and how has it evolved)? ]
Tthe primary reasons many haven't adopyed blockchain include a lack of resources (33%); funding (22%); and a lack of technology capabilities (22%).
To read this article in full, please click here