Understanding the Blockchain Stack

Understanding the Blockchain Stack

This IDC Market Perspective offers a clear model for the burgeoning blockchain market so that vendors and technology buyers can use a common framework to assess products and services as well as see how solutions are being built. The blockchain market is still developing, but technology suppliers are now beginning to build products and offer services that build on this revolutionary technology. To aid technology buyers as they evaluate those solutions, and to assist vendors as they build and market their solutions, IDC has compiled a model defining a blockchain market stack. Along with its blockchain taxonomy, the model will offer some consistency in analyzing the new market."The blockchain space has seen considerable hype to this point, but offering serious analysis of products, services, and results has been challenging," said James Wester, research director, Worldwide Blockchain Strategies. "The purpose in offering a clear market model is that vendors can understand where their solutions fit into the market and begin evaluating themselves in relation to the needs of their clients as well as their competitors."

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