Is blockchain for business just a trend or a prospective technology?

We can clearly see a movement away from the mass appeal to impose blockchain on current business models where you can simultaneously and painlessly exchange one technology solution for another without clear understanding what would be the point for business. It is the applications for business task solving created in the blockchain ecosystem become more interesting than the blockchain technology itself.

2019-2020 can be characterized as an adaptation technology period. For this we need time and efforts in changing the paradigm of business processes, as well as the technology acceptance by people when new skills and knowledge will be required to change the landscape of traditional business.

Business will be divided into the «awaiters» wishing to receive blockchain as a box with a solution for their business and the companies that will transform their business and search for their golden key that will open the lock for the successful implementation of blockchain as a business solution. It will allow to additionally monetize current business on the blockchain landscape using its business ecosystems rather than the technology itself.

Currently, small and middle enterprises cannot afford to implement «raw and expensive» technologies that are not evident both from the perspective of monetization and from the perspective of value for their business. This segment will wait for box solutions. For example, they will wait for business process automation systems that are now expensive and sometimes ineffective for them. The small and SMB markets can be characterized as the future consumers of blockchain applications to meet different business needs. Until then, we can say that the financial sector will continue to move and develop the technology. The distribution sector also participates in the search and adaptation of successful cases. It is likely that in a year or a year and a half we can see more examples of successfully realized cases of implementing the blockchain technology substituting traditional business processes. Then we can talk about the demand for this or that solution, its choice and adaptation for a certain business. Unfortunately, without this all recommendations on implementing blockchain as a system will have propaganda character and will be profitable for the offerer rather than for the consumer.