According to Gartner: "The complexity of blockchain and the many roles it can play create challenges, but the benefits and value continue to boost the variety and number of projects. Gartner expects the technology to generate significant business benefits and value. Projections are for $176 billion by 2025 and more than $3.1 trillion by 2030." (Forecast: Blockchain Business Value, Worldwide, 2017-2030)
On 25th September 2018, the 2nd Blockchain Live exhibition took place in London, dedicated to the business application of blockchain technology. At the event you could meet many visitors and delegates from all stages of the adoption of the journey, from initial research to full application of the technology in sectors such as: central and local government, charities, higher and further education, manufacturing, energy, construction, transport, financial services, insurance, supply chain and healthcare.
Why is everybody interested in and looking into blockchain?
Blockchain has been around for close to a decade. It is believed that public and private blockchains can solve the shortcomings of our current systems. Blockchain solutions can be used for payment mechanism, distributed ledger, immutability, traceability and consensus, and you can select the right one or combination of the right ones depending on the sector transformation needs. Enterprises are looking for the right approach to go ahead with the actual blockchain implementation that will generate business value.
Some time ago, Orange Digital Ventures invested in Chain, the leading provider of blockchain technology. The goal was to identify and develop areas where blockchain could bring innovative new business benefits.
A number of projects have grown out of that initiative, utilizing blockchain networks to improve end-user experiences in industries including retail, transport, logistics, supply chain and event ticketing. After all, if blockchain can provide anti-counterfeit solutions for financial and legal documentation, why not for cross-border supply chain and logistics controls?
Blockchain in Transport Alliance (BiTA) is a new organization formed less than a year ago, and it provides a forum to promote and educate, while encouraging the development of blockchain applications, within the transportation industry.
Orange Business Services, a global digital services provider and carrier-grade integrator, has joined the blockchain forum and became the latest member of the Blockchain in Transport Alliance (BiTA). By joining BiTA, Orange Business Services confirms its co-innovation approach with customers and partners to help enable the wide adoption of blockchain applications in digital supply chain solutions by standardizing developed use cases.
Learn more about blockchain at Orange Group.
Guillaume Freyburger held various senior positions in the Multimedia, Consulting and Telecommunication industry. In his current role, he’s managing the International Consulting Practice for Orange Business Services, providing support, advice and assistance for large multinational enterprises in their performance improvement and digital transformation processes.
When not working, Guillaume likes pushing his limits in adventurous activities like Marathon du Medoc or adventurous skiing.