CommPRO.biz Editorial Team
Global technology research and advisory firm, Information Services Group (ISG) (Nasdaq: III), announced the launch of ISG Blockchain Now™, a new advisory and sourcing solution that enables enterprise clients to improve the efficiency, accuracy and security of their business processes through distributed ledger technology.
“Our ISG Blockchain Now™ solution is designed to help enterprise clients understand and unlock the value of blockchain today, while creating a roadmap to leverage this incredibly powerful technology in the future,” said Michael P. Connors, chairman and CEO of ISG. “Blockchain is demonstrating its practical application now within enterprises. As the technology matures, it has the potential to be the next internet, a decentralized system that will dramatically disrupt all supply chain processes and commercial transactions.”
ISG estimates the global market value of blockchain could exceed $300 billion by 2025, and more than $2 trillion by 2030.
“Blockchain creates business value by leveraging widespread, synchronized data across a range of value chains,” said Connors. “Our clients want to understand where the opportunities are, the value of those opportunities, and which technology providers are best able to meet their needs. Our ISG Blockchain Now™ solution will help them answer those important questions, and quickly begin to realize the value of blockchain right now.”
While blockchain is often associated with cryptocurrency and banking applications, more than half of current use cases are outside the banking and financial services sector. Enterprises across a wide range of industries are looking at blockchain as a powerful way to enhance transaction processing speed and data security, increase operating margins across business value chains and establish new revenue-generating business models. Blockchain technology can be applied in such areas as supply chain management, logistics, smart contracts and more.
The ISG Blockchain Now™ solution suite helps clients identify and realize high-ROI opportunities to leverage blockchain technology to improve upon legacy technology, optimize existing business processes and enhance data security. Elements of the solution include strategy and use-case design, prototype blueprinting, investment case development, implementation and continuous research and development.
ISG uses a unique approach to help clients develop and operationalize a blockchain strategy that is “business ready.” This staged approach includes Blockchain 1.0 (Technology Ready) that prepares organizations for blockchain; Blockchain 2.0 (Value Ready) that establishes the business processes that can be enhanced with blockchain; and Blockchain 3.0 (Business Ready) that develops, deploys and operationalizes blockchain applications across the business.