How to decide whether to deploy blockchain

While blockchain may have moved beyond the proof-of-concept phase this year and into limited production systems, that doesn’t mean companies watching from the sidelines should plow ahead with their own deployments.

But neither can they afford to sit idly by.

“You can’t catch up on innovation. If you wait until things have settled down, it may be too late,” said Forrester Research principal analyst Martha Bennett.

Speaking at Forrester’s New Tech & Innovation Conference, Bennett said public and private organizations must first determine what business processes blockchain distributed ledger technology (DLT) can address – and those to which it cannot be applied.