Pacesetters in Blockchain and Future of Blockchain adoption
As we see in the market, Blockchain is examined by all the enterprises across all the industries and domains including but not limited to healthcare, supply chain, energy sector, banking, finance, human identity, gaming, etc. But actually when we look at the proportion of enterprises who are implementing blockchain is meagre. Only 3% of the organisations are involved in at-scale implementations. 87% of organisations are still doing POCs and 10% have pilots in at least one site.
Who is leading in the blockchain?
The United Kingdom, the United States and France have the highest ratio of pacesetters in Blockchain. Also, these exemplars show a greater level of preparedness. From the below diagram, we can understand how far these pacesetters are prepared.
Future of Blockchain Adoption
We hope that the growth of blockchain adoption will move in three phases:
Phase 1: Cognizance (2011–2018)
Organizations have invested in understanding the technology, its significance, and raising their cognizance.
Phase 2: Testing/Experimentation (2017–2020)
Organizations are digging into proofs of concept and working on building consortia.
Phase 3: Transformation (2019–2025)
Organizations will set about enterprise transformation, aiming enterprise integration and implementing policies for privacy and data management.
Though the blockchain technology trend is right now in the experimentation stage, We at Augusta have already built/being built successful blockchain applications for various enterprises in food safety, healthcare, agricultural industry, auditing, supply chain, financial, medical marijuana and other industries. Many are with us for POCs and pilot program. To know more about our enterprise blockchain solutions, please visit: https://augustahitech.com/services/enterprise-blockchain-solutions.html
To know about our blockchain case studies, success stories or for a free blockchain consulting, connect with us here: https://augustahitech.com/contact.html
