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Blockchain Services: Charting the Path to New Opportunities in Blockchain
Over the past two years, enterprise adoption of blockchain services has increased gradually, with more projects moving to the production stage. Financial services lead this trend due to the increased traction for use cases such as cross-border payments and trade finance, P2P transactions, and asset tokenization; however, challenges persist, hindering mass adoption. In addition, the application of blockchain to drive sustainability initiatives has emerged as a new lever to enhance trust and transparency. To tap into emerging use cases and address the developments above, service providers emphasize inorganic expansion and asset development. Both demand- and supply-side trends are covered in Avasant’s Blockchain Services 2023–2024 Market Insights™ and Blockchain Services 2023–2024 RadarView™, respectively.