Salesforce is now offering select customers blockchain as a permissioned, centrally controlled service, which in some ways runs counter to the basic premise of the technology: that it’s an anonymous, distributed network with no central authority.

Salesforce is not alone, as numerous vendors have lined up to offer blockchain networks via cloud services. Amazon, IBM, Microsoft, SAP and Oracle are all part of a burgeoning blockchain-as-a-service (BaaS) marketplace; only IBM, however, has begun to open up its ecosystem, offering some limited interoperability between different blockchain platforms. Others control who can join and on which blockchain data can be shared.

Even as those moves take place, a new study released today by Gartner indicates that CIOs continue to overestimate the capabilities and short-term benefits of blockchain to help them achieve business goals, and have unrealistic expectations when assessing offerings from blockchain platform vendors and service providers.

By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, Gartner predicted as part of a new study.

“Compounding this challenge is the fact that blockchain platform vendors typically use messaging that does not link to a target buyer’s use cases and business benefits,” Adrian Lee, a senior research director at Gartner, said in a statement. “For example, ‘transactions’ was the term mentioned the most in relation to blockchain, followed by ‘secure’ and ‘security.’ While these may be functions of blockchain-enabling technology, buyers are still confused as to how these functions are achieved or what benefits blockchain adds compared to their existing processes.”

Nonetheless, as enterprise interest in blockchain technology increases, the number of blockchain platform vendors continues to grow, Lee said.

“Due to the lack of an industry consensus on product concept, feature set, core application requirements and target market, we do not expect there to be a single dominant blockchain platform within the next five years. Instead, we expect a multiplatform world to emerge,” Lee said.

By 2025, the business value added by blockchain will grow to slightly more than $176 billion, then surge to exceed $3.1 trillion by 2030, according to a recent forecast by Gartner. “Product managers should prepare for rapid evolution, early obsolescence, a shifting competitive landscape, future consolidation of offerings and the potential failure of early stage technologies in the blockchain platform market,” according to Gartner’s study.

(Excerpt) Read more Here | 2019-06-03 20:27:00
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