Enterprise blockchain platforms are becoming “obsolete”
Enterprise blockchain platforms are facing inevitable obsolescence. Businesses should be well-prepared for the change without missing out on benefits. A report by Gartner in 2019 stated that 90% of enterprise blockchain platforms would be obsolete by 2021 to cross-industries and by 2023 to the supply chain. Their interpretation of this conclusion is based on their arguments about the market fragmentation and lack of solution packages. However, experts still believe in a bright future of enterprise blockchain solutions with $176 billion value estimated by 2025 and explode to $3.1 trillion by 2030. Life in the digital world is changing rapidly; obsolescence of technology is inevitable. So what should existing blockchain platform developers as well as businesses interested in this technology do for the change? To blockchain itself and enterprise blockchain platforms: Blockchain is a distributed ledger that stores data linearly in “blocks” using cryptographic algorithms. Managers use blo...