By Co-Founders and Research Principals: Ken Cottrill, Sherree DeCovny and Pete Harris
Since we published our Blockchain meets Supply Chain eBook last April, we’ve had conversations with many professionals in supply chain, logistics, manufacturing and finance. Along the way, they’ve asked how we think blockchain’s adoption is going to play out in the near to medium term. With that in mind, our research principals have put together the following 10 predictions for 2018:
From Ken Cottrill:
1. As more companies become familiar with the technology and gain an understanding of how it can deliver value in the supply chain, proof-of-concept activity will surge in 2018. An increase in the number of industry initiatives will fuel this development work.
2. Blockchain development projects that tested the technology in key areas such as trade documentation and product track and trace in 2017 will move to the pilot stage in 2018. The first live applications will emerge.
3. Increasing interest from regulators in the growth of Bitcoin will spill over into other applications areas such as supply chain. The participation of regulators will add impetus to blockchain’s progress in areas such as the development of smart contracts.