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The Enterprise Blockchain Multiverse—Cross-Industry Analysis and Ecosystem Development, 2020–2026
Growth Opportunities for a Web 3.0-Enabled World
10-Apr-2020
Global
Market Research
MF3B-01-00-00-00
IT04098-GL-MT_24306
Blockchain is finally overcoming early confusion and hype. It is a spectrum technology that can be applied to achieve many possible outcomes.
Its best uses are in the creation of trusted digital connective tissue in open, complex ecosystems and in the programmatic creation of digital value where it cannot be easily be replaced by centralized systems. It can be used to disrupt and should not be ignored.
Used to enable ecosystem-scale digital transformation, effective blockchain solutions are context-dependent. The technology is hyper-modular and hyper-specific. As an emerging industry, it is hyper-democratized, hyper-dynamic, and highly fragmented. It is challenging convention in every domain. For these reasons, it is best understood when seen through a systems lens. From this perspective, the industry looks like an enterprise blockchain multiverse.
Blockchain is at an inflection point reaching enterprise minimum viable product. The enterprise space represents the lion's share of the global productive economy, and big players are targeting the digital transformation of high-value ecosystems. Frost & Sullivan expects to see profound developments through 2026 and beyond as blockchain is used to automate process flows in multiple domains.
Frost & Sullivan has been covering the technology industry for more than 25 years. Because the coming era of software and IT development is more complex and dynamic than ever, this study leverages a new paradigm for analysis that includes systems thinking, complexity theory, network theory, and game theory. The goal is to prepare readers for a blockchain-enabled world by setting the context for understanding the enterprise outcomes and potential effects that the wide-scale adoption of this technology set will have on their businesses and operations.
Key Issues Addressed
- How do you get your hands around an industry that is fragmented and global in scope, and plan in this context?
- Why are blockchain solutions so relevant to our times?
- What industry transformations are likely to arise from the broad adoption of enterprise blockchain, and what complex dynamics will challenge and constrain them?
- What are the current and the forecasted end states of the enterprise blockchain services industry, and what might the roadmap look like at an industry scale?
- What solutions and services are available today?
- Where are the ecosystem hot spots of development?
- Which companies, organizations, and institutions are leading the way?
- How should companies, organizations, and institutions position in their relevant ecosystems?
- How can you begin to develop ecosystem strategies?
- What capabilities and competencies will be needed to navigate through the coming transitions and thrive?
Analyst: Adrian Drozd
Key Findings
Key Findings (continued)
Research Scope and Analytical Framework
Key Questions this Study will Answer
The Big Picture—Blockchain is Part of an Industry Paradigm Shift
Reframing Industry Analysis and Strategy Development
The Many Definitions of Blockchain—All Are Correct
Why Blockchain is so Relevant in Our Current Context
Blockchain and Digital Transformation Perspectives
A Systems View of Industry Dynamics Yields Better Insights
Enterprise Blockchain Industry End-State Analysis
End-State Analysis—Blockchain Generations 1.0 and 2.0
End-State Analysis—Blockchain Generation 3.0
End-State Analysis—Blockchain Generations 4.0 and 5.0
Industry Measurements
Industry Measurements (continued)
Technology Industry Trends with Structural Impact
Achieving Product-Market Fit in a Fragmented Industry
Key Elements of Vendor-Side Technical Analysis
Component Capabilities and Solution Sets
End-State Technical Analysis—An Overview
End-State Technology Reference Model—Generations 1.0 and 2.0
End-State Technology Reference Model—Generation 3.0
End-State Technology Reference Model—Generation 4.0
End-State Technology Reference Model—Generation 5.0
The Nascent State of Enterprise Demand
Capabilities, Feasibility, Feedback, and Market Signaling
Designing Solutions for Open and Complex Ecosystems
Unbundling Blockchain Use Cases
Auditability Capabilities
Track and Trace and Automation Capabilities
Connectivity Capabilities
Digital Asset Capabilities
End-State Ecosystems—Toward a System of Systems
Blockchain Solutions Today—The Debate Over Definitions
Platformization, Productization, Servicization, and Strategic Projects
The Big Tech Players
Public-First Hybrid Mainnet Operators
Private-First Protocols and Frameworks with No Operating Mainnets
Private-First Protocols with Operating Mainnets
Innovators and Challengers
Extensibility and Interoperability Reference Case (Tendermint)
Other Interoperability Projects and Services
Horizontal Services—Identity, Privacy, and Self-Sovereignty
Data-centric Service Examples
Vertical Service Examples (there are hundreds)
Growth Opportunities and Hot Spots of Development
National Digital Infrastructure Growth Opportunities
National Digital Infrastructure Hot Spot—China
Decentralized Finance Growth Opportunities
Decentralized Finance Hot Spot
Decentralized Finance—US Blockchain Market
Decentralized Finance—Cryptocurrency Investment Activity
Global Trade Ecosystem Growth Opportunities
Global Trade Ecosystem Hot Spot
Global Trade Ecosystem—Universal Trade Network
Social Impact Ecosystem and Greenfield Market Growth Opportunities
Social Impact Ecosystem and Greenfield Market Hot Spot
Social Impact Ecosystem and Greenfield Market Case Studies
Healthcare Ecosystem Growth Opportunities
Healthcare Ecosystem Hot Spots
A Transforming System of Systems in the Blockchain Multiverse
A Transforming Multiverse of Ecosystem Markets
A Transforming Multiverse of Ecosystem Domains
A Transforming Multiverse of Ecosystem Domains (continued)
A Transforming Multiverse of Ecosystem Domains (continued)
Bringing It All Together—5 Key Questions to Consider
The Answers as We See Them Today
Critical Success Factors for Building Digital Connective Tissue in a Web 3.0—Enabled World
Enterprise Blockchain Multiverse—Opportunities for Participants
Legal Disclaimer
List of Abbreviations
List of Exhibits
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