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Blockchain in the Real World: The Promise, the Progress and the Hype

Blockchain in the Real World: The Promise, the Progress and the Hype

There’s an incredible amount of buzz about blockchain, given its purported potential to transform business operating models. Much of the interest in blockchain stems from the foundational nature of the technology, which gives it the flexibility to be adapted for a variety of problem-solving applications.

But the huge anticipation of blockchain has been accompanied by a lot of unjustified hype, which can mislead and confuse people about the true benefits that blockchain might create.

In this paper ― Blockchain in the Real World: The Promise, the Progress and the Hype ― GEP has provided a careful, no-nonsense account of what blockchain is and isn’t, what it does and doesn’t do, and the areas where it is actually being applied today. The paper also highlights the specific advantages blockchain could offer to procurement and supply chain teams.

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