Blockchain Digital Assets: Fad, Disruption or Strategic Driver?
As blockchain digital assets become more mainstream, both to business and to society as a whole, the Diligent Institute and the Silicon Valley Directors’ Exchange (SVDX) were interested in better understanding how directors were thinking about them as they pertain to their roles and responsibilities in the boardroom.
56%
of directors get information on blockchain digital assets from independent research.
27%
of directors believe regulatory reticence toward these assets will damage company competitiveness
74%
of directors believe the SEC and similar bodies will materially tighten regulation of these assets.
40%
of directors agree that the ability to understand these assets will be important to future success.
Do directors understand the risks and opportunities of blockchain digital assets?
When asked to rate their board’s level of understanding of BCDAs, directors rate their boards at a 4 out of 10.
Where else are directors learning about blockchain digital assets?
Comparatively, far fewer directors seem to be getting their information on BCDAs from sources within their organizations. About a quarter (24%) of directors receive information from their CIOs or CISOs on this topic, and even fewer receive information from a board-level committee focused on technology or cybersecurity (22%), from their director peers (20%) or from their CEOs (11%).
How has the strategic importance of these assets changed in the last year?
Notably, the vast majority of directors (67%) indicate that BCDAs are about as important to company strategy as they were at the beginning of 2022.
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