Business value is one of our most asked about enterprise blockchain topics. It is relatively easy for firms to investigate blockchain from a technology perspective. Indeed, the past few years have seen many minimal viable products/technology proofs of concept. But MVPs are only now beginning to transition to significantly sized production systems. And there are not many of them. What is the problem? True, there are some technical constraints. However, my opinion is that this lack of transition is often due to difficulty understanding blockchain business value from strategic value and business case perspectives.
Although as analysts we try our best to be ‘opinionated’ pragmatists so one thing we know for sure is that the numbers don’t lie. So we can state with certainty that Enterprise Blockchain is a growing market and is set to continue to grow substantially…. Even though it will face plenty of challenges along the way.