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HFS Research dives into Enterprise Blockchain market and its providers

HFS Research dives into Enterprise Blockchain market and its providers

HFS research recently published a report that looks into the Enterprise Blockchain market and lists the top 10 blockchain solution providers for 2018. HFS assessed over 17 leading blockchain service providers taking input from clients as well as interviews with the providers and analyzed over 2800 blockchain engagements across various industries and globally.

The report notes that while there are many PoCs (Proof of Concepts) only 5% had gone into production. The report also notes that there is now a growth in the number of projects in production reaching 135 a 10X jump sinc 2017.

When it comes to adoption it is not only happening in the financial sector, but also supply chain, trade finance, manufacturing, payments and KYC (know your customer)

The biggest issue to adoption is not the technology itself but brining the collaboration needed. According to the report the globe is witnessing the advent of a hyper-connected economy and blockchain will provide the way to make it happen.

HFS ranked the top 10 enterprise blockchain service providers for 2018. IBM came in as number one followed by Accenture, Deloitte, EY Infosys, WIPRO and others.

For the Full downloaded report please find below.

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