Enterprise Blockchain

 On the emergence of enterprise Blockchains.

Enterprise Blockchain Is at a Private-Public Crossroads

By Guido Molinari in Coindesk

Looking back 12 months, our (Prysm’s) review of 2019 was naive, to say the least. We cited challenges to a successful 2020 for enterprise blockchain. And, while those predictions were not far off, they were overshadowed by a global shore-up of innovation budgeting, a mountain of layoffs and just about every other form of disaster that might get in the way of a technology revolution. 

To say that 2020 was a complete miss for enterprise blockchain would not be accurate. A few new networks and major corporate initiatives were announced, including PharmaLedger, Dole and a group of major Japanese maintenance companies, the Japanese government and IOTA.

Guido Molinari is the managing partner at Prysm Group, an economic advisory focused on the implementation of emerging technologies. He is a member of the Economic Advisory Committee at the Algorand Foundation and a Fellow at the Royal Society of Arts. This post is part of CoinDesk's 2020 Year in Review – a collection of op-eds, essays and interviews about the year in crypto and beyond. 

But many of these projects barely grew. According to Prysm Group internal data dating back to 2016, the average enterprise blockchain consortium has gained less than one new participant beyond its founding members. There are a few outliers such as Italy’s banking network Spunta. But, for an industry whose primary purpose is to build a network adopted by other future members, this is not an encouraging figure.  ... '