About a third of Italian companies had limited knowledge of blockchain technologies, according to the results of a 2018 survey. By contrast, about one in four companies possessed advanced knowledge of distributed ledgers, while roughly 43 percent of companies had an average knowledge level about them. While the majority of companies believed that the impact of blockchain would not go beyond improving some processes, a third of companies saw it as a disruptive technology.
The Italian blockchain market is growing
The spending on blockchain technologies was rapidly increasing in Italy. According to recent forecasts, it was expected to grow from 16 million euros in 2017 to 92 million euros in 2020, with a compound annual growth rate (CAGR) of 72 percent. In 2019, seven in ten Italians regarded blockchain as important for the economic development of the country.
Protecting Made in Italy
One of the main applications of blockchain for the Italian economy was anti-counterfeiting. The fashion and luxury goods industry was particularly interested in blockchain for this reason, besides supply chain traceability. Distributed ledgers could allow customers to track items along the whole lifecycle, from raw materials to the point of purchase, ensuring full transparency. More information about the development of blockchain in Italy is available in a related report.
Self-reported knowledge level of blockchain technology among large companies in Italy in 2018
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Osservatori Digital Innovation. (June 4, 2019). Self-reported knowledge level of blockchain technology among large companies in Italy in 2018 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1041904/blockchain-knowledge-companies-italy/
Osservatori Digital Innovation. "Self-reported knowledge level of blockchain technology among large companies in Italy in 2018." Chart. June 4, 2019. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1041904/blockchain-knowledge-companies-italy/
Osservatori Digital Innovation. (2019). Self-reported knowledge level of blockchain technology among large companies in Italy in 2018. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1041904/blockchain-knowledge-companies-italy/
Osservatori Digital Innovation. "Self-reported Knowledge Level of Blockchain Technology among Large Companies in Italy in 2018." Statista, Statista Inc., 4 Jun 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1041904/blockchain-knowledge-companies-italy/
Osservatori Digital Innovation, Self-reported knowledge level of blockchain technology among large companies in Italy in 2018 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1041904/blockchain-knowledge-companies-italy/ (last visited September 20, 2024)
Self-reported knowledge level of blockchain technology among large companies in Italy in 2018 [Graph], Osservatori Digital Innovation, June 4, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1041904/blockchain-knowledge-companies-italy/