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Back to Blockchain Innovation Lab

Blockchain Research

Running blockchain research processes is a foundational step in the successful implementation of any blockchain project. It equips organizations with the knowledge needed to make informed decisions, reduce risks, and seize opportunities in the dynamic world of blockchain technology.

Our approach

Blockchain research provides organizations with a deep understanding of the technology's capabilities, limitations, and suitability for their specific needs. This knowledge empowers decision-makers to make informed choices about whether to adopt blockchain, which ecosystem to choose, and how to integrate it into their existing systems.

Key Business Benefits

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Identifying New Opportunities

Blockchain is a rapidly evolving technology with diverse applications beyond cryptocurrency. Research helps you stay updated on the latest trends and innovations in the blockchain space. It allows you to identify market gaps , new business opportunities or niches where blockchain can bring unique value.

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Risk Mitigation

The blockchain landscape is still evolving, and there are inherent risks associated with adopting a relatively nascent technology. In-depth research helps identify potential risks and challenges early in the process, allowing organizations to develop strategies to mitigate them. This includes legal, regulatory, security, and operational risks.

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Cost-Benefit Analysis

Research aids in estimating the resources required for a blockchain project. This includes costs related to development, infrastructure, and ongoing maintenance. You can evaluate potential returns on investment (ROI) by comparing the costs with the expected benefits. This informs decisions about project viability and real business impact.

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Stakeholders Buy-In

Research findings are a powerful tool for educating and aligning stakeholders with the goals and potential outcomes of a blockchain project. Informed stakeholders are more likely to support the project and contribute to its success. By leveraging research to educate stakeholders, you enhance the project's chances of achieving its objectives and realizing the full benefits of blockchain technology.

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Past Experiences Insights

A holistic approach to examining both successful and failed blockchain projects is essential for informed decision-making. Successful projects provide valuable insights into effective strategies and best practices, while failed projects offer lessons on what to avoid and how to mitigate risks.

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Technology Evaluation

Blockchain is not a one-size-fits-all solution. Different blockchain platforms offer varying features, performance characteristics, and consensus mechanisms. Research helps organizations evaluate which blockchain technology aligns best with their objectives, whether it's public, private, or consortium-based.

Data insights

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MARKET VALUE
According to a report published by “Markets and Markets”, the global blockchain market will grow from an estimated USD 7.4 billion in 2022 to USD 94.0 billion by 2027, at a compound annual growth rate (CAGR) of 66.2%.

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GLOBAL GDP
A “World Economic Forum” survey suggested that more than 10% of global GDP will be stored on blockchain by 2027. This transition onto blockchain networks signifies a growing recognition of its potential to reshape the global economic landscape.

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GLOBAL TRADE
The use of blockchain technology to optimize the international supply chain has the potential to unlock a substantial 15% increase in global trade, significantly reducing trade barriers and fostering more efficient and secure cross-border transactions.

Client Reviews

“Impressive - that they are able to really understand the complexity of the business. It feels like we're working for the same purpose, and we are one team.” Zuzanna Gocol, Product Owner Avon Global

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