The evolving nature of technology demands ecosystem involvement, and thus the role of orchestration of business outcomes enabled by digital levers is becoming more prominent. In particular, blockchain technology has experienced a rise in ecosystem-based collaboration, with a rise in inter- and intra-industry cooperation among enterprises. As blockchain technology matures, moving from Proof of Concepts (POCs) to production, there is increasing consensus on both the supply- and demand-side that a network approach is the most viable path to realizing blockchain’s benefits at scale. Hence, several Independent Software Vendors (ISVs) and service providers have started offering blockchain network solutions.
The future of blockchain is firmly rooted in the network model, and we foresee the market moving toward use case-specific networks with cross-industry collaboration. Over time, we expect blockchain networks to begin replacing certain narrow functions of enterprise applications, eventually forming the foundation of a new class of Network Resource Planning (NRP) applications. This report describes the market climate for blockchain networks and services, informed by the impact of COVID-19. The report also lays down a structured path for enterprises to overcome the business challenges in adopting blockchain networks.
Scope
Blockchain networks and services across industries and geographies
Contents
This report includes the following topics and sections:
Summary of key messages
Current state of the market
Rise of the Network Resource Planner
Everest Group’s assessment of key industry networks powered by blockchain
