Enterprises are advancing blockchain adoption from pilots to large-scale production, driving operational efficiency, trust, and transparency. The banking, government, and manufacturing sectors continue to lead in enterprise implementation. Blockchain’s convergence with AI is enhancing data integrity, automation, and real-time decision-making. Service providers are enabling interoperability across platforms and developing blockchain-based digital identity solutions to strengthen security. The rise of tokenized assets and central bank digital currencies (CBDCs) is further redefining digital value exchange, while partnerships and platform maturity are accelerating blockchain’s role in enterprise transformation and decentralized innovation.
Both demand-side and supply-side trends are covered in our Blockchain Services 2025 Market Insights™ and Blockchain Services 2025 RadarView™, respectively. These reports offer an in-depth analysis of blockchain service providers, highlighting key trends, insights, and recommendations. The RadarView also takes a close look at the leaders, innovators, disruptors, and challengers in this market.
We evaluated 47 service providers across three dimensions: practice maturity, partner ecosystem, and investments and innovation. Of the 47 providers, we recognized 20 that brought the most value to the market during the past 12 months.
The reports recognize service providers across four categories:
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- Leaders: Accenture, Cognizant, HCLTech, IBM, Infosys, TCS, Tech Mahindra, and Wipro
- Innovators: Capgemini, LTIMindtree, NTT DATA, UST, and Zensar
- Disruptors: Atos, Coforge, Deloitte, and GFT
- Challengers: Birlasoft, Chainyard, and Innominds
Figure 1 below from the full report illustrates these categories:
“Blockchain is shaping the next era of digital business by enabling tokenized economies and real-time trust,” said Tarun Mehta, principal consultant at Avasant. “As interoperability advances and its AI convergence grows, it will unlock new models of efficiency and innovation at scale, redefining ecosystem-wide value creation across industries.”
The reports provide several findings, including the following:
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- Over 37% of blockchain projects in government and banking have moved from POC to production, signaling rising enterprise confidence.
- Tokenization of real-world assets is gaining momentum across industries.
- AI and blockchain integration accelerate as enterprises deploy intelligent, decentralized systems across sectors.
- Blockchain-driven identity is gaining traction as a trusted alternative for billions excluded from secure digital services.
“Blockchain services are evolving from experimentation to scale, powered by AI convergence and interoperability,” said Payel Maity, senior analyst at Avasant. “As enterprises embrace tokenization and digital identity, blockchain is emerging as the backbone of secure, intelligent, and connected digital ecosystems.”
The RadarView also includes comprehensive profiles of 20 service providers, detailing their solutions, offerings, and expertise in supporting enterprises with their blockchain initiatives.
This Research Byte is a brief overview of Avasant’s Blockchain Services 2025 Market Insights™ and Blockchain Services 2025 RadarView™. (Click for pricing.)