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Introduction

The development of the blockchain as a means of creating and recording the Bitcoin electronic currency established the viability of distributed ledger as a means of conducting, verifying, and permanently recording transactions cheaply and without the need for a trusted third party. This report highlights the likely use cases for service providers.

Highlights

  • In a World Economic Forum 2015 report, 58% of survey respondents said that they expected 10% of global gross domestic product to be stored on blockchain technology by the year 2025. This report highlights the likely use cases for service providers in this emerging development.

Features and Benefits

  • Assesses how blockchain could be woven into a business strategy.
  • Identifies where service providers can contribute to blockchain working groups.

Key questions answered

  • Is distributed ledger technology/blockchain another industry hype and why? What will be the broad trends for blockchain in 2017/2018?
  • What are the opportunities or use cases for SPs in blockchain? What services could they offer in this space, and to which target segments/geographical regions?
  • To be successful in blockchain, what do service providers need to do in terms of people, process, and technology?

Table of contents

Summary

  • In brief
  • Ovum view
  • Recommendations

The utility of blockchain technology

  • What is blockchain anyway?
  • Which use cases are relevant for SPs?

Appendix

  • Further reading
  • Author

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