Ensuring that blockchain delivers real and measurable value makes perfect sense if it is to require so much commitment. Over the past few years, blockchain has grown in visibility, and it has been relatively easy for firms to investigate it from a technology R&D perspective. Indeed, the past few years have seen many minimal viable products (MVPs) and technology proofs of concept (POCs).
But it is only now that MVPs are beginning to transition to significantly sized production systems, and these require serious business justification to move forward. And as of today, often due to a lack of business value analysis, fewer are moving into production than should be.