Fintech consulting firm Cartan Group LLC has launched the first Cayman Islands Blockchain Survey in an attempt to gather data on local blockchain technology initiatives.
The survey is available online until 12 September 2019 and seeks insight into current opinions and perceptions around blockchain and the potential impact of this technology in the future.
With news of the Bahamas having recently launched its own government-backed digital currency - "Project Sand Dollar" - (an electronic payment system that complies with local financial regulations providing equal access to digital payments for all businesses and residents of the country thereby reducing cash transactions and service delivery costs), it will be interesting to see if the results of the survey show that public opinion would support a similar electronic payment system being introduced in the Cayman Islands.
Cartan is seeking a minimum of 400 survey respondents to ensure a statistically significant sample size of the population. Visit www.blockchainsurvey.ky for more information.
“For financial services today, we are on the cusp of change, where decentralised public networks can bridge legacy financial systems with blockchain technology to help alleviate performance problems, remove friction and ease capital flow bottlenecks,” Cartan Managing Member Brandon Caruana said. “In Cayman, while we already believe that there is recognition that the technology can serve as a pragmatic solution to business problems, to keep up with the global industry we need more information on how to implement these new strategies locally, or what they require from government and regulators in order to do so.”