What is the current stage of Enterprise Blockchain?

My understanding is that Blockchain is still in its early stages. There are more than 50 different Blockchain platforms, few companies with a Blockchain project in production, tons of startups trying to gain some traction and a lot of misinformation around the subject.

As with any technology, several players try to come up with their own standards and see if these standards stick, resulting in an amazing revenue stream. Such standards will gladiate among themselves, trying their best to be chosen by the marketplace and such a process may take years to happen. IBM is strongly pushing to make the Hyperledger and its standards into the go-to choice for everybody. The same thing has happened with Corda, which is currently the choice for most insurance companies. Ethereum , which is mostly known in the Cryptocurrency platform, is trying to move towards the enterprise too.

With so many moving parts, enterprises are closely watching before heavily investing in the technology. CIOs that are being pressure by their CEOs/Boards to do something in Blockchain and give it a go are mostly ending up with projects that do not deliver the expected Blockchain related ROI, and the ones who resist know it will not be for long. I believe the best path a CIO could take is to demonstrate to their CEO/Board that the sensible course of action is not to invest heavily in a project, but instead to immediately take clear steps towards it — such as putting together a team in order to develop internal intelligence on Blockchain and its environment and choose a small but promising process for these team to put into production in the next 6 months. Such a project should include at least one external company/partner.

The choice of ‘just wait’ may be costly in the medium term, as it would most probably result in loss of market share/competitive advantage. We at IntelligentBlock are developing a business friendly platform to accelerate the adoption of Blockchain technology by any enterprise in any vertical today and not in years to come, resulting in a strong competitive advantage for whoever partners with us.

#Blockchain #Ethereum #IBM #Corda #IntelligentBlock #Innovation #inovacao

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