Blockchain Platform of Big Tech Companies
Blockchain Platform of Big Tech Companies
Blockchain Platform of Big Tech Companies
EGR-2019-33-R-3433
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contract assessment
Section II: Results of managed blockchain platform readiness assessment for enterprise use 7
⚫ Managed blockchain platform players assessed 8
⚫ Assessment framework 9
⚫ Platform vendor landscape assessment 11
⚫ Capability maturity dashboard 12
⚫ Business impact dashboard 14
Appendix 29
⚫ Glossary of key terms 30
⚫ Research calendar 31
⚫ References 32
⚫ Appendix
⚫ Blockchain technology is moving beyond the hype phase, where it had captured the attention of visionaries, technologists, government
workers, and enterprises alike, signaling readiness for use at scale . Blockchain has been adopted widely across industries, with projects
moving from Proofs of Concepts (POCs) to deployment
⚫ Enterprises are betting big on blockchain technology and are actively looking for easy ways to understand, prototype, and deploy
blockchain-based solutions. Although open source blockchain frameworks have exploded in popularity in recent years, many enterprises
today are looking for mature and deployment-ready solutions that are easy to adopt, maintain, and manage, presenting an interesting
market opportunity for vendors to build service-focused platforms on top of such frameworks
⚫ This report explores the managed blockchain market and assesses 12 players on their capabilities, enterprise readiness, and potential
impact
Scope of this report
⚫ Appendix
Ardor platform
HPE Mission Critical DLT IBM Blockchain Platform Multichain Enterprise
Ardor Blockchain-as-a-Service
Overview Market share, total projects, and overall demand Complexity and impact of delivered projects with
for the platform special focus on production cases
⚫ Technology companies that have built niche ⚫ Delivering best-in-class blockchain platforms in
capabilities in blockchain the market
⚫ Have good traction in the market but are ⚫ Provide extensive coverage across multiple
Business Value
lagging due to their evolving offerings, open frameworks and enable collaboration and
especially the breadth of offerings consortia among clients
⚫ Have good market presence, a robust partner
ecosystem, and lead in production deployments
Market adoption
⚫ In the nascent phase of delivering and/or ⚫ Have developed strong capabilities and a
building their blockchain platforms sound strategy for the future
⚫ Investing to develop capabilities and create ⚫ Lack market presence as they continue to build
ecosystems around their platform to drive and scale their partner and consortia
adoption ecosystems
Capability maturity
Enterprise readiness assessments of managed blockchain platforms based on capability maturity and market adoption
Leaders
High
Niche providers
IBM
Microsoft Visionaries
Azure
Portfolio growth
Nascent providers
Amazon
Web services
Oracle
Market adoption
Multichain
Jelurida
HPE
VMware BurstIQ
Note: Assessment for Microsoft Azure, Amazon Web Services, Alibaba Cloud, SAP, HPE, and VMware excludes platform vendor inputs, and is based on Everest Group’s proprietary database,
public disclosures, and interactions with enterprises and blockchain system integrators. For these companies, Everest Group’s data for assessment may be less complete
Source:Everest Group (2019)
Alibaba Cloud
BurstIQ
HPE
IBM
Jelurida
Microsoft Azure
MultiChain
Oracle
SAP
Sovrin
VMware
Alibaba Cloud
BurstIQ
HPE
IBM
Jelurida
Microsoft Azure
MultiChain
Oracle
SAP
Sovrin
VMware
⚫ Appendix
⚫ Strong client spread and delivery footprint in Asia Pacific, especially China ⚫ Increase visibility of capabilities and adoption outside of China
⚫ Demonstrated proof points for scale and reliability through production ⚫ Develop tools and solutions to improve ease of adoption
deployments for Alibaba.com and Ant Financial ⚫ Pursue partnerships with service integrators to create a services ecosystem to
⚫ Balanced coverage with focus on two open source frameworks and one accelerate enterprise adoption in North America and Europe
proprietary framework
Top 3 geographies APAC North America Europe Top 3 industries FMCG Retail Financial services
SI partners Fujitsu
Key features Consortium management Chaincode management Permission management Organization management
Key use cases Supply chain provenance Supply chain finance Digital content ownership Digital asset sharing/trading
Blockchain solutions: Amazon Managed Blockchain, Amazon Quantum Ledger Database, AWS Blockchain Templates
⚫ Flexibility to develop public and private blockchains through Fabric and Ethereum ⚫ Leverage its large partner network to drive consortia-building efforts
⚫ Leads peers in terms of the geographic diversity for managed blockchain platform ⚫ Improve articulation of capabilities and available features through investments in
adoption; fueled by its network of partners GTM
⚫ Differentiated solutions like Quantum Ledger Database (QLD) and Blockchain ⚫ Refocus market messaging to highlight intention to be a managed platform
Templates help accelerate client adoption provider rather than a cloud deployment partner for blockchain applications
Top 3 geographies North America Europe APAC Top 3 industries BFSI Retail Healthcare
Key features Extensions through API Data analysis Permissions through CloudTrail Security through AWS Shield
Key use cases Clearance and settlement Supply chain provenance KYC Documentation management
⚫ Focused approach with strategy to target only healthcare and life sciences ⚫ Increase SI partnerships to raise visibility and adoption
industries ⚫ Enhance focus on helping clients form industry consortia that would align with its
⚫ Differentiates itself through a strong compliance and governance strategy unique vertical focus
⚫ Focus on IoT and analytics integrations helps BurstIQ stand out among peers ⚫ Build thought leadership and improve market messaging to break into the Europe
and APAC markets
Top 3 geographies North America N.A N.A. Top 3 industries Healthcare Life sciences Insurance
Underlying frameworks Proprietary platform Major clients (illustrative) Vitalware, Empiric Health
SI partners
Key features IoT integration HIPPA and GDPR compliant Analytics Sovereign identity
⚫ Builds on heritage strength in hardware and critical financial infrastructure to ⚫ Increase overall strategy transparency to encourage adoption among clients that
create a platform focused on critical services consider blockchain a long-term strategy
⚫ Market messaging highlights the breadth of use cases across industries and ⚫ Develop better partnerships to improve its services ecosystem and encourage
geographies making it relevant to its clients adoption among developers and enterprises
Top 3 geographies Europe North America N.A. Top 3 industries Financial services Automotive Healthcare
Key features X86 hardware focus Scalable database Edge centric services
Key use cases Payments and settlement Supply chain track and trace KYC Medical records management
⚫ Leads the market in helping clients collaborate and build consortia for networks ⚫ Needs to lead the industry in developing features required for large scale
⚫ Strong ecosystem of tools, solutions, proven use cases, and partnerships enterprise adoption such as load balancers and data migration tools
⚫ Good academic and enterprise partnership focused on R&D ⚫ Address dissonance between test and production environments; some clients are
⚫ Flexibility in deployment through OpenShift and Kubernetes multi-cloud approach forced to adopt open source for test due to undifferentiated pricing
⚫ Able to leverage system integration strength to build expertise in the talent pool ⚫ Expand beyond Fabric to support other frameworks as market matures
Top 3 geographies North America Europe APAC Top 3 industries Financial services Manufacturing FMCG
Key features Multi-cloud deployment Consortium management IoT integration API extensions
Key use cases Supply chain provenance Trade finance Document management Credential tracking
⚫ Flexible commercials with availability as a licenced product and a BaaS solution ⚫ Increase market visibility by targeting more enterprise customers to demonstrate
⚫ Strong adoption across Europe with increasing interest in North America proof points
⚫ Good academic partnerships that accelerate R&D and talent training for the ⚫ Expand scope of possible use cases to accelerate adoption
platform ⚫ Develop better partnerships with service integrators to improve ecosystem and
talent for the platform
Top 3 geographies Europe North America APAC Top 3 industries Financial services Entertainment Public sector
Underlying frameworks Ardor/NXT Major clients (illustrative) Henkel, Indra, ISDI, Tarasca, Bitswift
Key features Asset exchange Bundlers (child chains) Data pruning Android applications compatibility
Key use cases Payments and settlement Rewards and loyalty Voting Ticketing
Blockchain solutions: Azure Blockchain Service, Azure Blockchain Workbench, Azure Cosmos DB
⚫ Clear articulation of core blockchain capabilities and how other Azure services ⚫ Leverage its partner network to help clients drive consortia efforts
can be used alongside the platform ⚫ Innovate on the economics of running blockchain networks to help clients realize
⚫ Comprehensive coverage of use cases and industries supported by multiple open ROI faster
frameworks and a robust partner ecosystem ⚫ Integrate data exchanges to allow for building trusted oracle services for
⚫ Ability to integrate IoT, analytics, and blockchain to solve client issues execution of smart contracts. Also expand ready-to-use smart contract templates
Top 3 geographies APAC Middle East and Africa Europe Top 3 industries BFSI Public sector Manufacturing
Key features Consortium management Off-chain data manager IoT integration Machine learning
Key use cases Trade finance KYC Cross-border payments Supply chain tracking
⚫ Good vision for enterprise readiness with data purging and database integrations ⚫ Help clients to create and manage consortia
for third party databases ⚫ Expand partnerships across SIs as well as public cloud vendors
⚫ Poised to grow a strong talent pool around its platform given its a developer- ⚫ Support a variety of consensus mechanisms to cater to clients looking for multiple
focused approach to adding features and solutions blockchain framework support and enhanced open source framework support
Top 3 geographies APAC Europe North America Top 3 industries Financial services Manufacturing FMCG
Underlying frameworks Proprietary platform; Multichain Major clients (illustrative) Bureau Veritas, German Federal Ministry
Key features Compatibility with Bitcoin libraries Smart filters Off-chain storage and purging End-to-end encryption
Key use cases Supply chain track and trace Digital assets sharing/trading Document management Verification and certification
⚫ Strong enterprise and SI partnerships that drive talent expertise on the platform ⚫ Expand focus on public ledgers
⚫ Enterprise-focused features such as integration with legacy applications, out-of- ⚫ Leverage existing enterprise applications clients to pursue more engagements to
the-box integrations, and analytics gain market share
⚫ Specialized pre-built networks and solutions aimed at accelerating adoption ⚫ Introduce flexibility in pricing and commercial model to attract clients from other
Hyperledger Fabric-based platforms
Top 3 geographies Europe APAC Middle East and Africa Top 3 industries Financial services Manufacturing Healthcare
Underlying frameworks Hyperledger Fabric Major clients (illustrative) World Bee Project, Volvo, Circulor, LG Chemical
Key features Access control and governance Plug-and-play integrations Data management ERP integrations
Key use cases Payments and settlements Supply chain provenance Documentation management Identity management
Blockchain solutions: SAP Cloud Platform Blockchain service, SAP HAHA Blockchain service
⚫ Integrated IoT and blockchain capabilities under the SAP Leonardo brand ⚫ Needs to improve its spread of use cases to cover use cases beyond supply
⚫ Leverages multiple open frameworks allowing flexibility for clients and creating a chain
diversified portfolio encompassing multiple industries ⚫ Needs to develop a comprehensive tooling portfolio to accelerate adoption of
⚫ Leads and manages industry-focused consortia to improve collaboration among blockchain for enterprises and compete with peers
clients ⚫ Opportunity to drive innovation in commercial models
Top 3 geographies Europe APAC North America Top 3 industries Manufacturing Retail & CPG Life Sciences
Underlying frameworks Hyperledger Fabric, Multichain, Quorum Major clients (illustrative) Pfizer, Intel, Flex, UPS, Bumble Bee
⚫ Digital identity-focused network that caters to a diverse range of clients and ⚫ Develop comprehensive tooling capabilities to accelerate clients’ adoption
industries ⚫ Expand focus to other digital identity-related use cases beyond verification
⚫ Public and permissioned approach that eases data privacy concerns
Top 3 geographies North America APAC Middle East and Africa Top 3 industries Public sector BFSI Healthcare
Underlying frameworks Hyperledger Indy Major clients (illustrative) iRespond, Evernym, SITA, T Mobile, Cisco, Swisscom
Key features Public and permissioned network Zero knowledge proofs IoT compatibility
⚫ Poised for enterprise adoption given long-term ecosystem vision and enterprise- ⚫ Invest in partnerships to drive initial adoption momentum and create services
centric features talent pool
⚫ Investments into solutions to ease adoption of the platform and manage the ⚫ Expand number of engagements with a focus on driving production deployments
underlying challenges of the IT infrastructure environment to demonstrate maturity in the market
Top 3 geographies North America UK Europe Top 3 industries Logistics Life sciences Telecom
Key use cases Data management Supply chain track and trace Digital asset sharing/trading Verification and certification
⚫ Appendix
– Glossary
– Research calendar
– References
Term Definition
AI Artificial Intelligence
API Application Programming Interface
BaaS Blockchain-as-a-Service
DAML Digital Asset Modelling Language
DLT Distributed Ledger Technology
FMCG Fast-Moving Consumer Goods
DAML Digital Asset Modelling Language
GTM Go to Market
IoT Internet of Things
KYC Know Your Customer
ML Machine Learning
SaaS Software as a service
SI System integrator
SSI Self-Sovereign Identity
Note: For a list of all of our published Digital Services reports, please refer to our website page
The following documents are recommended for additional insight on the topic covered in this report. The recommended documents either
provide additional details on the topic or complementary content that may be of interest
1. Enterprise Guidebook for Blockchain Adoption: A Compilation of Insights from 320+ Blockchain Projects (EGR-2019-33-R-3095); 2019. In this
research, we analyzed 320+ blockchain case studies to understand the blockchain adoption journey for leaders across industries. We also identified
more than 90 use cases across 10+ industries offering proof points of blockchain adoption. This report also provides a roadmap for blockchain adoption
to enterprise executives leading blockchain initiatives, helping them to extract maximum impact by studying the value currently being delivered and
building pragmatic hypotheses on potential value
2. Blockchain Services PEAK Matrix™ Assessment 2019: Race to Make Enterprise Blockchain Real (EGR-2018-31-R-2836); 2019. In this research,
we assess the vision & capability and market impact generated by 27 service providers for blockchain services capabilities. These providers were
mapped on the Everest Group PEAK Matrix™, which is a composite index of a range of distinct metrics related to each provider’s vision & capability
and market impact to identify Leaders, Major Contenders, and Aspirants
3. Blockchain: Is It the Silver Bullet? (EGR-2018-27-V-2567); 2018. Analyzes high-potential use cases for blockchain – the major ones in banking
and financial services include trade finance, KYC, syndicated loans, and corporate action
4. Unblocking Blockchain Adoption – A Prioritization Framework for Business Processes (EGR-2017-3-V-2418); 2017. In this research, we lay out
a prioritization framework that is intended to assist enterprises as they navigate the tricky terrain of blockchain in business processes
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