Arthur D. Little's report on blockchain technology highlights the potential for significant growth in blockchain investments, with a projected compound annual growth rate (CAGR) of around 90% between 2016 and 2025. However, the report also notes that many companies still struggle to understand and leverage the right features of blockchain technology, with over 70% of senior management having little to no understanding of it. Additionally, the report finds that only a small percentage of companies have a solid in-house expertise in blockchain, and that many believe there are no use cases for their industries. Despite this, the report suggests that blockchain has the potential to drive significant changes in business processes and models, and that there are already use cases for blockchain in a variety of industries. The report recommends a four-step approach to identifying and realizing the potential of blockchain technology within a company, including evaluating company and industry potential, defining use cases and deployment plans, and navigating the ecosystem for blockchain-related "hot-tech" to watch.
