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Blockchain for Enterprises – Hype vs. Reality? What Is New in 2018?

Blog: Capgemini CTO Blog

Over the past few weeks, I had various opportunities to participate and present on the latest updates in Blockchain and Distributed Ledger Technologies. One of these opportunities was in San Francisco, Bay Area, organized by DLA Piper, University of Swinburne, CSIRO with representations from VCs and start-ups. The other one I recall was in Hyderabad organized by NASSCOM with participation from Everest Group, Banks, Start-ups, and tech companies.

This is how I see the evolution for Blockchain in the Enterprise:

In this wave, systems integrators had only small roles to play, mostly on education and branding. However, with BaaS providers and Fabric 1.0 maturity, App/IT/Cloud/API related engagements are likely to expand. This wave’s ownership will mostly remain within the CIO organization.

In this wave, systems integrators realized a chance to undertake consultative, domain-led approaches and engagements. This mostly starts through ideation workshops, then use cases, process maps, solution architecture, etc. Ownership of this wave will remain with business units.

Through this wave, we will see new business models, transformation in regulation, privacy, and changes to user adoption. For a systems integrator this is truly a transformation opportunity where DLT is only a component of the entire ecosystem.

I believe that world has moved on from “What is Blockchain?” to “How do I develop new business using DLTs?” As a technology it has switched from being called disruptive to ‘foundational’.  We might still be a few years away from visualizing its full potential, but industry is moving fast. At Capgemini, we focus on orchestration and integration opportunities, taking a holistic approach for DLT along with Cloud, API, Digital and Channels, Business Process, and Consulting capabilities.

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