Collecting data helps us to develop and inform research questions, such as what is the relationship between blockchain activity and economic growth? This question is not only interesting from an academic perspective, it may have significant policy implications. Many policymakers are thinking about how to balance a desire for increasing economic growth with regulating the blockchain industry, and our research has shaped the policy discussion around this topic.
However, we are not able to address such research questions unless we have strong participation from you in our research surveys.
It’s important to make clear that the data published in our studies is aggregate data, not individual organization data. For example, we show country level data, or sector level data (e.g., data for all wallets, or all exchanges) but never _____ organization’s individual data. We take data privacy and confidentiality very seriously and work hard to ensure that our research does not threaten trade secrets or security in any way.
We are currently running our first global blockchain and cryptocurrency benchmarking study. On the blockchain side we’re looking at permissioned distributed ledgers and non-monetary use cases, such as provenance, as well as public sector blockchains (e.g., central bank digital currency) and what’s happening with distributed ledger technology in U.S. states like Delaware. For cryptocurrencies we’re examining exchanges (specifically security), payments, wallets, and mining.
There are many good reasons for organizations to support this research by completing our surveys. Firms can benefit from the wide exposure these reports receive as we offer all participants the opportunity to have their logo included in the report. This study will also help with the formation of key performance indicators.
But perhaps the biggest reason for cryptocurrency and blockchain firms to participate in our benchmarking study is that this study can help the industry constructively engage regulators and policymakers. Many regulators are keen to learn more about the alternative finance sector without burdening companies with invasive and time consuming data requests. Benchmarking is a time honoured way to achieve this goal, and participation in this study is a way to signal to the world that the blockchain and cryptocurrency space is maturing.
Thank you for supporting this research by completing our surveys. You can find more information about the study, including a video of my study kickoff presentation at Shanghai Blockchain Week, in a prior blog post here. Please also feel free to get in touch if you have any questions.