Ripple-支付中的区块链（英文）-2020.4-24页_1mb

Blockchain Adoption: the Tipping Point Is Near

Core Content Summary

The Blockchain in Payments Report 2018 by Ripple highlights the growing adoption of blockchain technology in the global payments industry, indicating that the tipping point for mass adoption is fast approaching. The report surveyed 676 respondents across 22 countries, including financial institutions and FinTech companies, to understand the current state of blockchain integration and future potential in cross-border payments.

Main Findings

• Blockchain Adoption Progress: In 2018, 18% of respondents are in production or near production for blockchain-based payments, showing a shift from experimentation to real-world implementation.
• Mass Adoption Tipping Point: 45% of respondents are either in production, piloting, or close to signing with a blockchain provider, suggesting the tipping point is near.
• Interest in Digital Assets: 75% of respondents are extremely or very interested in using digital assets as a settlement or base currency, indicating a strong market demand.
• Digital Asset Interest Correlates with Blockchain Use: 85% of those using blockchain in production and 90% of those moving to production are interested in digital assets, showing a clear link between the two technologies.
• Cross-Border Payments Market Potential: The global cross-border payments market is valued at $27 trillion, with an expected $20 trillion in growth by 2026. Global remittances alone are projected to reach $642 billion in 2018.
• Customer Dissatisfaction: Despite perceived customer satisfaction, there is significant dissatisfaction with traditional payment systems, especially regarding speed, cost, and transparency.

Key Trends and Motivations

• Speed and Cost Reduction: The top benefits of blockchain are speed (42%), geographic access (40%), cost reduction (38%), and transparency (36%).
• Real-Time Gross Settlement (RTGS): 81% of respondents are extremely or very interested in RTGS, with 45% citing speed and 45% transparency as key drivers.
• Geographic Expansion Ambitions: 94% of respondents see an opportunity to expand their geographic footprint or product scope, with banks and FinTechs showing the highest interest in expansion.
• Adoption Curve: The report outlines an adoption bell curve, with 18% of respondents in production, 27% in pilot or PoC, and 45% of all respondents in the Early Majority and Late Majority groups, indicating rapid movement toward production.

Blockchain as a Disruptive Force

• Blockchain as a Solution: Blockchain is seen as a way to modernize international payment systems, offering faster, cheaper, and more transparent transactions.
• Digital Assets as a Natural Next Step: With blockchain adoption growing, digital assets are becoming the next logical step for many organizations, particularly in settlement and as a base currency.
• Innovation Pressure: Companies are under pressure to innovate and differentiate themselves in cross-border payments, especially as traditional systems remain fragmented and costly.
• Regulatory Uncertainty: Smaller firms are more hesitant due to regulatory concerns, while larger organizations are more likely to adopt blockchain early but may not fully leverage its potential.

Adoption Archetypes

S-Curve of Adoption

• The report predicts an S-curve trajectory for blockchain adoption in payments:
  • 25% of respondents will implement blockchain solutions by 2020.
  • Adoption is expected to accelerate, reaching 50% by 2022.
• This growth is driven by the network effect, as more organizations adopt blockchain, the value and utility of the system increase.

Conclusion

The 2018 Blockchain in Payments Report signals that the global payments industry is on the brink of a major transformation. With blockchain moving from experimentation to production and digital assets gaining strong interest, the future of cross-border payments is poised to become faster, more transparent, and more cost-effective. The tipping point for mass adoption is near, and the organizations that embrace this change stand to benefit significantly from the $20 trillion in potential new payment flows.