This report highlights key demand-side trends in the blockchain space, guiding enterprises in refining their blockchain strategy. It covers essential technology and blockchain services trends, insights, and challenges faced by enterprises based on Avasant’s assessment.
Why read this Market Insights?
Enterprises are increasingly adopting blockchain to enhance transparency, security, and efficiency across various sectors. The banking, government, and manufacturing sectors are leading with the maximum success rate in converting blockchain projects from proofs of concepts (POCs) to production. Blockchain fosters consumer trust through supply chain transparency and product authenticity. The integration of AI with blockchain drives data integrity and decentralized networks. Central banks are developing central bank digital currencies (CBDCs) to streamline cross-border payments. Additionally, blockchain supports sustainable innovation and regulatory compliance, promoting green finance and verifying carbon credits for environmental goals.
The Blockchain Services 2024 Market Insights™ aids enterprises in identifying key market trends and offers valuable insights into the blockchain space.
Methodology
The industry insights and recommendations presented are based on our ongoing interactions with enterprise CXOs and other key executives, targeted discussions with service providers, subject matter experts, and Avasant fellows, along with lessons learned from consulting engagements.
Table of contents
About the report (Page 3)
Executive summary (Pages 4–7)
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- Defining blockchain services
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- Key enterprise blockchain trends shaping the market
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- Avasant recognizes 23 top-tier service providers offering blockchain services
Demand-side trends (Pages 8–13)
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- Banking, government, and manufacturing sectors are the top three industries, each exhibiting a POC-to-production conversion success rate of over 30%.
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- Enterprises are elevating consumer trust by improving transparency and traceability within the food, retail, luxury goods, and healthcare supply chains.
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- Firms are integrating AI and blockchain to enhance operational efficiency and drive newer business use cases within the digital ecosystem.
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- Monetary authorities are promoting CBDCs to enhance financial systems, while banking and financial institutions are integrating them for faster transactions and improved compliance.
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- Enterprises are leveraging blockchain to drive sustainable innovation, labor monitoring, and regulatory reporting while ensuring compliance.
Key contacts (Page 14)
Read the Research Byte based on this report.
Please refer to Avasant’s Blockchain Services 2024 RadarView™ for detailed insights on the service providers and supply-side trends.
