Blockchain Adoption on the Rise: 60% of Fortune 500 Executives Embrace New Technologies

According to the quarterly report from Coinbase’s State of Crypto, nearly 60% of executives from Fortune 500 companies have indicated they are working on blockchain initiatives, as reported by The Block.

The study reveals that almost 20% of top executives view on-chain solutions as a crucial element of their company’s long-term strategy, marking a 47% increase compared to the previous year. Furthermore, over 80% of major investors intend to boost their investments in cryptocurrencies over the next year.

Institutional adoption is also on the rise among small and medium-sized businesses (SMBs), with more companies testing crypto payment solutions and stablecoins to address their needs.

More than 80% of the SMB representatives surveyed believe that digital assets can effectively tackle specific financial challenges, particularly in managing invoices and accounts receivable. Among businesses not yet utilizing cryptocurrencies, 46% plan to incorporate blockchain technology into their operations within the next three years.

Nearly three-quarters of respondents identified regulatory clarity as the next catalyst for industry growth. The report notes that U.S. President Donald Trump is establishing a new tone in the dialogue with the sector.

Coinbase emphasized that legal certainty is essential for fully realizing the potential of cryptocurrencies. The company considers the adoption of stablecoin legislation and market structure as critical for fostering innovation in the U.S.

In May, the OKX exchange released a report indicating that artificial intelligence and blockchain are creating new avenues for revenue generation across various industries.