Last year saw a shift to real, use-case blockchain technology proof-of-concept projects in various markets, including shipping, insurance, logistics, mining, energy, and fine art.

Most of the current projects under testing are platform-based, and use private or permissioned blockchain or similar distributed ledger technology.

We consider this to be “blockchain-light” technology, and we envision that the first movers will develop and rapidly expand this technology as it continues to mature and as systems become proven (albeit in some cases proven not viable), revised, and scaled.

Current blockchain platforms tend to focus on the administration—or back-office plumbing—of relationships, where blockchain can offer real efficiency savings.