Forrester TEI – Total Economic Impact Report – Blockchain
Within the next few years, there will be a seismic move of business supply and distribution chains onto permissioned blockchains such as Hyperledger. Those companies which are not just aware of this, but who also actively position themselves accordingly; will absolutely stand tall among the rest.
As the technology is applied in differing sectors and for different uses, the benefits will fuel even wider and more rapid roll out. Companies will experience cost savings across multiple expense lines while enjoying blockchain enhanced cyber security solutions. While this is enough to get most out of bed in the morning, we like to focus on another aspect that has been flying under the radar – revenue stream creation.
That’s right….less costs, more security AND new revenue streams. This last component will be enjoyed by those who are not just exploring the space now and into the upcoming year, but by those who recognize the untapped opportunity at the center of this all. It is the companies that first migrate to permissioned blockchain solutions and then bring along the other members of their supply chain or distribution network which can maximize this opportunity. The ones who position themselves at the center of the blockchain disruption within their sphere can then generate revenue via subscription fees for managing the network for others who come later.
The link below is for the Forrester Total Economic Impact ROI Calculator. It is somewhat complicated but entirely worth the time it will take you to understand the massive economic opportunity ahead of many. Are you a candidate for the IBM Food Trust? Are you a candidate to manage a permissioned blockchain comprised of your entire supply or distribution chain? What about those companies that make up the supply and distribution chains of the members of your sphere? Do you just need to be ready so you do not lose business when a larger company already on the blockchain contacts you?
With every passing quarter, these questions will become more and more relevant. We are here to help you understand how to best position your company for the rising tide.