Increasing Efficiency or Boosting Stock Prices?
We’ve got ourselves another “state-of-blockchain” report from corporate consultants. This time it’s Accenture’s “Get the full picture: Assessing blockchain’s business value”. I’m happy to see that my former colleagues are fast to adapt their old methodologies to the new environment.
This piece (as many before it) is, probably, made by sending a survey form to all emails downloaded from a CRM spreadsheet and then spending about 3–5 hrs of an intern time to fill in empty fields in a PP lay-out. Anyway, we shall be grateful that it’s free for us to read 🙂
The main author’s conclusion is what we already well know from so many other reports: “Worldwide spending on blockchain solutions has a forecast annual growth rate (CAGR) of 76.0%, reaching $12.4 billion in 2022”. Again, it lets me wonder, is that consensus or people just keep copying the same old IDC research? 🙂
There are, however, some other more original findings in it. For example: “ … of those who declared their blockchain investments, 68% are spending more than $1 million, with 27% spending more than $10 million on blockchain activity”. Again, it tells us that DLT has became an expensive corporate game, which is difficult to join for SME.
Another curious factoid: “42% of respondents expected a noticeable or significant brand improvement from simply announcing a blockchain project, with that total jumping to 87% upon delivering a blockchain project.” Does it mean that the main reason for corporation to “implement blockchain solution” is to rise their stocks prices — not to improve efficiency ?
Talking about efficiency Accenture used “ … a real-world example of a blockchain solution for an oil-and-gas company … “ and built “ … a business case to quantify the value of each driver, calculating an expected reduced freight spend of 5% …”.
Yes, in a big company 5% might mean hundreds of millions of dollars. However, how difficult is it to “quantify the value of whatever driver” not only for 5% but, say, for 5.5% or 7% if you know that you CEO client will be made more satisfied with your services as a result?
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Published at Tue, 27 Aug 2019 02:57:06 +0000
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By trendingtopics on 2019-04-01 01:34:51
