Vendor Analysis
published on Sep 05, 2018
Report Overview:
This NelsonHall assessment analyzes IBM's offerings and capabilities in Blockchain Services
Who is this Report for:
NelsonHall’s blockchain services vendor assessment for IBM is a comprehensive assessment of IBM’s blockchain offering and capabilities, designed for:
- Sourcing managers investigating sourcing developments within blockchain
- IT and process decision makers exploring the benefits and inhibitors of blockchain as evidenced from the clients and vendor capability
- Vendor marketing, sales and business managers developing strategies to identify developments and target opportunities within managed service programs
- Financial analysts and investors specializing in, or covering the blockchain industry and suppliers.
Scope of this Report:
The report provides a comprehensive and objective analysis of IBM’s blockchain offering, capabilities, and market and financial strength, including:
- Identification of the company’s strategy, emphasis, and new developments in both its service and technology
- Analysis of the company’s strengths, challenges, and outlook
- Revenue
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s key offerings (service model and service components)
- Analysis of the company’s delivery capability (including the location, size and scale of delivery operations; and delivery via technology).
Key Findings & Highlights:
IBM launched its blockchain unit in 2014 as the outcome of an IBM research project that projected a total economic value of $176 billion added to global GDP by 2025 through the application of blockchain, with that figure reaching $3.1 trillion by 2030.
IBM was a founding member of the Hyperledger project community and focused its efforts on a single project within that community, Hyperledger Fabric. Hyperledger announced the production-ready version of Hyperledger Fabric 1.0 in July of 2017, at which time IBM solutions built to that point were ready for production deployment.
IBM does not disclose its Blockchain-specific revenues, but NelsonHall estimates its revenue from Blockchain projects at $50m.