Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
CNBC's Jim Cramer calls on investors to be wary of the slew of hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
Toys R Us' bankruptcy caused a 7% surge in sales for the toy industry during the first half of 2018 as parents stocked up, then sales fell 2% as manufacturers experienced...Retailread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
The RNC paid $166,390 in August to the office of Mintz Levin for "legal and compliance services," according to a disclosure filing.Politicsread more
Trump has called Chairman Jerome Powell "clueless" and Fed officials "boneheads."The Fedread more
Trump's call with the foreign leader is reportedly the subject of a whistleblower's complaint that has spurred new accusations of wrongdoing from Democrats.Politicsread more
The solider, Jarrett William Smith, 24, of Fort Riley, Kansas, was charged with one count of distributing information related to explosives and weapons of mass destruction,...Politicsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
Companies don't want to be left off of the blockchain bandwagon.
In a new report published by PwC on Monday, 84 percent of executives surveyed said their companies are "actively involved" with the technology.
"Everyone is talking about blockchain, and no one wants to be left behind," according to PwC's 2018 Global Blockchain Survey, which included 600 executives from 15 territories.
Blockchain is the technology that underlies cryptocurrencies like bitcoin. It records transactions on a public, distributed ledger and gets rid of the need for a third party in most cases. The technology is touted as faster and more secure by advocates and is being tested for everything from health records to the legal marijuana industry.
Among the PwC respondents, who were business executives with technology responsibilities, 45 percent said "trust" could be the key roadblock in blockchain's widespread adoption.
"In reality, companies confront trust issues at nearly every turn," PwC said. "As with any emerging technology, challenges and doubts exist around blockchain's reliability, speed, security and scalability."
While high profile investors like Warren Buffett and Jamie Dimon have been publicly wary of investing in cryptocurrency, they're far more bullish on its underlying tech.
Companies including Amazon, Microsoft and Facebook are exploring use cases for the technology. Facebook announced in May it is going through a reorganization that will include a new blockchain effort. IBM, Accenture, Deloitte, JP Morgan, and HSBC are among the other corporate names with similar initiatives.
Still, respondents mentioned regulatory uncertainty, "ability to bring the network together," compliance concerns, and intellectual property concerns as key obstacles for blockchain adoption.
Blockchain's potential has been compared to the internet but so has its hype. In some well-publicized cases, even adding the word "blockchain" to a public company's name can send its shares skyrocketing in a single day.
Despite the growing interest, other research from Cowen estimated it will take 5.9 years for blockchain to gain widespread adoption.