Gartner Identifies the Four Phases of the Blockchain Spectrum
Findings From “The Real Business of Blockchain: How Leaders Can Create Value in a New Digital Age”
ORLANDO, Fla. — Blockchain is forecast to generate $3.1 trillion in new business value worldwide by 2030 — half of it by 2025 with applications designed for operational improvement, according to Gartner Inc. However, enterprises can make missteps that will leave them out of position to capitalize fully on blockchain, under competitive threat by using the wrong strategy and being lulled into a false sense of progress and capability.
“Beyond operational improvements and increased efficiency, fully mature blockchain complete solutions will allow organizations to re-engineer business relationships, monetize illiquid assets, and redistribute data and value flows to more successfully engage with the digital world,” said David Furlonger, research vice-president and Gartner Fellow. “That is the real business of blockchain. To unlock this potential, CIOs should use a framework to help their organizations better understand the timing of investments and the value proposition for blockchain usage based on different solution archetypes.”