Home Market IBM ranks as No 1 blockchain vendor: Juniper

IBM ranks as No 1 blockchain vendor: Juniper

IBM has the strongest credentials in the blockchain sector, according to Juniper Research, which says that the company is “clearly regarded” as being well ahead of competitors.

Juniper’s latest report puts Microsoft and Accenture in second and third place as the companies with the strongest blockchain credentials behind IBM in a survey of almost 400 company founders, executives, managers and IT leaders.

The blockchain survey reveals that amongst enterprises either actively considering, or in the process of deploying blockchain technology, more than 4 in 10 (43%) ranked IBM first – more than twice the proportion selecting second-placed Microsoft (20%).

According to the study, this reflected IBM’s high-profile R&D engagement with initiatives such as Hyperledger and its extensive list of blockchain clients across an array of key verticals and use cases, including banking, asset tracking and the music industry.

Juniper says the study also reveals that among respondents who were prepared to state their levels of investment in blockchain, more than two-thirds (67%) said they had already invested more than US$100,000 by the end of 2016, while 91% of these companies confirmed that they would be spending at least this amount in 2017.

And the study makes the point that this suggested most initial investments had delivered results that were sufficiently encouraging for companies to pursue more extensive trials and/or integrations.

But the accompanying report urged companies to focus on private blockchains for commercial deployments, rather than utilise public chains such as Bitcoin. It argued that most corporate applications would require the capability to restrict access to users with permissions, while companies would also need to have a degree of control over the development of the blockchain on which their systems have become dependent.

According to research author Dr Windsor Holden, “Even if companies conduct initial testing using a public blockchain, in most cases the shortcomings of these chains should disqualify them from many use cases, including financial settlement, public sector deployments, logistics and land registry."

To read more in Juniper’s complimentary whitepaper — Which Industries are the Best Fit for Blockchain? click here.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).