![]() ![]() Unstructured experimentation of blockchain solutions without strategic evaluation of the value at stake or the feasibility of capturing it means that many companies will not see a return on their investments. ![]() “IBM invests to lead global Internet of Things market–shows accelerated client adoption,” IBM, October 2016, ibm.com.ĭespite the hype, blockchain is still an immature technology, with a market that is still nascent and a clear recipe for success that has not yet emerged. Leading technology players are also heavily investing in blockchain: IBM has more than 1,000 staff and $200 million invested in the blockchain-powered Internet of Things (IoT). The blockchain-specific investment model of initial coin offerings (ICOs), the sale of cryptocurrency tokens in a new venture, has skyrocketed to $5 billion. “Blockchain startups absorbed 5X more capital via ICOs than equity financings in 2017,” CB Insights, January 2018,. Venture-capital funding for blockchain start-ups consistently grew and were up to $1 billion in 2017. Most tellingly, large investments in blockchain are being made. ![]() Multiple governments have published reports on the potential implications of blockchain, and the past two years alone have seen more than half a million new publications on and 3.7 million Google search results for blockchain. Deep shift: Technology tipping points and societal impact, World Economic Forum, September 2015,. Blockchain was a priority topic at Davos a World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by 2027. ![]()
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