< Key Hightlight >

Blockchain has come a long way in recent years, but it remains a nascent technology. It is easy to forget that blockchain has not been around for long due to the massive hype surrounding it. It was not until 2017 that blockchain properly captured the attention of enterprises. Since then, much has happened. Lackluster and short-lived experiments, announced with great fanfare, have given way to use cases focused on addressing actual problems rather than just showcasing the technology itself.

Scope

This report provides an overview of the blockchain theme. 

It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into four categories: technology trends, macroeconomic trends, regulatory trends, and use case trends. 

It contains a comprehensive industry analysis, including global market size and growth forecasts for blockchain, details of M&A deals driven by the blockchain theme, and analysis of the business benefits of blockchain. 

The detailed value chain shows comprises six layers: blockchain infrastructure, blockchain protocols, P2P networks, blockchain components, blockchain applications, and blockchain services. Leading and challenging vendors are identified across each of the six layers.

Key Highlights

Blockchain vendors need to take a more business-oriented approach to educate executives about the benefits of the technology. Blockchain projects with a clear business use case and measurable outcomes are more likely to be adopted. COVID-19 has accelerated digital transformation, but executives face an abundance of technologies and must assess differing priorities. Unless blockchain is simplified and perceived as a solution that can provide tangible benefits, it risks being left behind. 

BaaS holds the key to driving mainstream adoption of blockchain technology. It allows companies to experiment with blockchain applications without worrying about developing expensive in-house resources. Integrating blockchain into core technologies facilitates ease of use, making it a more attractive option for digital transformation efforts. 

Not all blockchain projects are created equal. While enterprise blockchain projects are slowly moving past the hype, focusing on integration, tangible benefits, and addressing the shortcomings of the technology, the decentralized world of blockchain continues to dream big. Buzzwords like decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized digital identities (DIDs) frequently attract headlines. Although they are all awash with hype and far from mainstream adoption, they come with a powerful value proposition and a desire to transform core market infrastructure.

Reasons to buy

The adoption of blockchain has lagged behind that of other emerging technologies. The reason is that few understand blockchain. This report addresses that issue, providing a detailed, yet easy-to-follow overview of the technology that highlights its key characteristics and describes how blockchain works. 

The report also includes details of sector-specific use cases across 19 industries, including banking & payments, mining, pharmaceuticals, retail, and travel & tourism. 

Our comprehensive value chain includes details of the leading players in areas like blockchain services, helping companies decide which vendors they should partner with on blockchain implementation projects.

Companies mentioned

IBM 

Microsoft 

Oracle 

Amazon 

Alibaba 

Tencent 

Baidu 

VMWare 

SAP 

Kaleido 

Huawei 

HPE 

Accenture 

Infosys 

Wipro 

TCS 

EY 

NTT Data 

Cognizant 

KPMG 

DXC Technology 

Deloitte 

Tech Mahindra 

Honeywell 

Circle 

Everledger 

Salt Lending 

OpenBazaar 

Brave 

Civic 

Figure 

Lamborghini 

De Beers 

Coinbase 

Kraken 

Animoca Brands 

Digital Currency Group 

Pantera Capital 

Fenbushi Capital 

Polychain Capital 

Blockchain Capital 

500Startups 

Y Combinator 

Andreessen Horowitz 

Galaxy Digital Holding 

Nxchange 

Bondex 

Polygon Group 

FirstBlood Technologies 

Whinestone 

Tendermint 

B-Harvest 

Coincheck 

Metaps Alpha 

PayPal 

Curv 

Blockdeamon 

Lunie International 

Bison Trails 

TomoChain 

Lition 

FTX Trading 

Blockfolio 

Swipe 

Tagomi Trading 

Fluidity Operations 

CoinMarketCap 

BIT Trade 

DappReview 

WazirX 

Infura 

D'Crypt 

Diginex Global 

Unicorn Investment 

Chainspace 

Facebook 

Neutrino 

JMU 

8i Enterprises Acquisition 

Temasek Holdings 

Status 

Element 

Mastodon 

Odysee 

Unstoppable Domains 

UJO Music 

Theta 

Netflix 

Spotify 

Ebay 

LeoVegas 

Betfair 

Wagerr 

Peerplays 

OpenSea 

DTCC 

Austrlian Stock Exchange 

HQLA 

Tokeny Solutions 

Securitizze 

Paxos 

Singapore Stock Exchange 

Nivaura 

tZero 

Dlt Ledgers 

Ant Financial 

Visa 

Tether 

Bit Pesa 

Prudential 

Ping An 

ChainThat 

B3i 

Maker 

Compound 

Lykke 

Uniswap 

Everex 

0x 

Airswap 

Bancor 

Etherisc 

SkuChain 

Vertax 

Carrefour 

Provenance 

FoodLogiQ 

Shipchain 

Walmart 

Cirulor 

OriginTrail 

MonetaGo 

Factom 

Qedit 

Spring 

Dataspace 

Singularity Net 

Particl 

Portion 

Filament 

Moeco 

FOAM 

Chain of Things 

Evernym 

TrustStamp 

Bloom 

Serto 

KYC Chain 

Sony 

DITTO 

Rair 

We Power 

Shell 

Power Ledger 

Greeneum 

Tennet 

Siemens 

Change Healthcare 

Chainyard 

MediLedger 

Guardtime 

Patientory 

Pfizer 

AmensourceBerger 

Chronicled 

Anthem 

Steemit 

Ninds 

Signal 

Opus 

Livepeer 

Dlive