Since the early days of blockchain technology, there have been studies and forecasts on its performance and applicability. A recent study by the Capgemini Research Institute predicts that the technology will establish itself as the basis of supply chains by 2025 at the latest.
What you'll learn 👉
Blockchain use will reach many new industries
New reports on the use of the blockchain by banks and logistics companies suggest that the experts at the Capgemini Research Institute are right in their assessment. By 2025, the blockchain should be used in all possible areas and also have reached the proverbial masses. Particularly for supply chains, distributed ledger technology is to be used effectively in the retail trade, by manufacturers of consumer goods and in numerous other sectors through further investments and cooperation between blockchain companies and other companies. So far, investments in the USA and the United Kingdom have been the largest, as the study reveals under the confusing name “Does blockchain hold the key to a new age of supply chain transparency and trust?
Germany so far rather reluctant to invest
87 percent of all survey participants still see themselves in the blockchain context at the very beginning, and only one tenth of the companies surveyed say they have already launched their own pilot projects. The current leading role in blockchain implementation in new projects with Bitcoin and other systems is with 22 percent Great Britain and France with 17 percent of all companies surveyed there.
The USA ranks second with 18 percent, while eleven percent of companies in this country are already blockchain-based. Investments in the USA amounted to more than one billion US dollars in the past six years. For comparison: in Germany it was about 50 USD, in Great Britain about half a billion USD. Companies that already actively use the blockchain see for the most part a change in their cooperation with partners (60 %), 89 % of the survey participants hope for lower costs.
Not only positive expectations for blockchain among companies
79% of the participants expect better transparency by switching to the blockchain, which should also enable them to carry out faster and more secure transactions in the supply chain as well as in production. Most recently, for example, various reports pointed to the use of the Ethereum system in various areas.
The respondents were more critical of the return on investment – 92% saw the ROI as the biggest sticking point. 82% were also concerned that the transaction security of the blockchain could lead to acceptance problems on the part of their partners. In another study carried out by the Capgemini Research Institute together with the Australian Swinburne University of Technology, the Capgemini Research Institute concludes that the blockchain will reach its highest level of experimentation in 2020.
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