Table of Content

Key Findings
Key Findings
Key Findings (continued)

Research Scope and Objectives
Research Scope and Analytical Framework
Key Questions this Study will Answer

Industry Overview
The Big Picture—Blockchain is Part of an Industry Paradigm Shift
Reframing Industry Analysis and Strategy Development
The Many Definitions of Blockchain—All Are Correct
Why Blockchain is so Relevant in Our Current Context
Blockchain and Digital Transformation Perspectives
A Systems View of Industry Dynamics Yields Better Insights
Enterprise Blockchain Industry End-State Analysis
End-State Analysis—Blockchain Generations 1.0 and 2.0
End-State Analysis—Blockchain Generation 3.0
End-State Analysis—Blockchain Generations 4.0 and 5.0
Industry Measurements
Industry Measurements (continued)

Technical Analysis—The Vendor Side
Technology Industry Trends with Structural Impact
Achieving Product-Market Fit in a Fragmented Industry
Key Elements of Vendor-Side Technical Analysis
Component Capabilities and Solution Sets
End-State Technical Analysis—An Overview
End-State Technology Reference Model—Generations 1.0 and 2.0
End-State Technology Reference Model—Generation 3.0
End-State Technology Reference Model—Generation 4.0
End-State Technology Reference Model—Generation 5.0

Demand-Side Analysis
The Nascent State of Enterprise Demand
Capabilities, Feasibility, Feedback, and Market Signaling
Designing Solutions for Open and Complex Ecosystems
Unbundling Blockchain Use Cases
Auditability Capabilities
Track and Trace and Automation Capabilities
Connectivity Capabilities
Digital Asset Capabilities
End-State Ecosystems—Toward a System of Systems

Enterprise Blockchain Solutions Today
Blockchain Solutions Today—The Debate Over Definitions
Platformization, Productization, Servicization, and Strategic Projects

The Big Tech Players
Public-First Hybrid Mainnet Operators
Private-First Protocols and Frameworks with No Operating Mainnets
Private-First Protocols with Operating Mainnets
Innovators and Challengers
Extensibility and Interoperability Reference Case (Tendermint)
Other Interoperability Projects and Services
Horizontal Services—Identity, Privacy, and Self-Sovereignty
Data-centric Service Examples
Vertical Service Examples (there are hundreds)

Growth Opportunities and Hot Spots of Development
Growth Opportunities and Hot Spots of Development
National Digital Infrastructure Growth Opportunities
National Digital Infrastructure Hot Spot—China
Decentralized Finance Growth Opportunities
Decentralized Finance Hot Spot
Decentralized Finance—US Blockchain Market
Decentralized Finance—Cryptocurrency Investment Activity
Global Trade Ecosystem Growth Opportunities
Global Trade Ecosystem Hot Spot
Global Trade Ecosystem—Universal Trade Network
Social Impact Ecosystem and Greenfield Market Growth Opportunities
Social Impact Ecosystem and Greenfield Market Hot Spot
Social Impact Ecosystem and Greenfield Market Case Studies
Healthcare Ecosystem Growth Opportunities
Healthcare Ecosystem Hot Spots

Bringing It All Together—A Blockchain Multiverse
A Transforming System of Systems in the Blockchain Multiverse
A Transforming Multiverse of Ecosystem Markets
A Transforming Multiverse of Ecosystem Domains
A Transforming Multiverse of Ecosystem Domains (continued)
A Transforming Multiverse of Ecosystem Domains (continued)
Bringing It All Together—5 Key Questions to Consider
The Answers as We See Them Today

The Last Word
Critical Success Factors for Building Digital Connective Tissue in a Web 3.0—Enabled World
Enterprise Blockchain Multiverse—Opportunities for Participants
Legal Disclaimer

Appendix
List of Abbreviations
List of Exhibits