The global technology industry experienced a 65% drop in company filings mentions of blockchain in Q3 2023 compared with the previous quarter, with the highest share accounted for by Block with 15% year-on-year decrease, according to GlobalData’s analysis of over 145 technology company filings. GlobalData’s Technology: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the technology industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, blockchain was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of energy transition and social, according to GlobalData.
Of the top leading companies in the technology industry, Block had the greatest increase in references for blockchain in Q3 2023, compared with the previous quarter. GlobalData identified 94 blockchain-related sentences in the company's filings - 7% of all sentences - and a decrease of 15% in Q3 2023 compared with Q3 2022. Twilio’s mentions of blockchain rose by 17% to 7 and NVIDIA’s by 57% to 6 and Intuit’s by 63% to 3.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for blockchain in Q3 2023 was 102.
For further understanding of GlobalData's Technology: Filings Trends & Signals Q3 2023, buy the report here.