If you believe the hype, blockchain will solve most of the world’s problems, from coffee growing and logistics to shipping, medicine delivery and voting. It’s also seen as a tool to improve security, maybe even kill the password. Analysts don’t expect blockchain hype to abate anytime soon: IDC predicts growth in blockchain spending across Europe will rise from $800 million in 2019 to $4.9 billion in 2023.
Despite headlines about major companies launching blockchain-based projects and pilots, the reality is that success stories of blockchain projects in production are less common. Just 24% of enterprises globally say they have blockchain-based technologies in production, according to Deloitte’s 2019 global blockchain survey.