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Blockchain and the underlying concept of “Distributed Ledger Technologies” (DLT) have well passed the peak of initial hype. As always, focus is now shifting to real-world applications that allow companies to improve their business. It is less about cryptocurrencies and concepts with a global impact, but more about process and supply chain optimizations as well as better identity (ID) concepts. Blockchain IDs are being heavily discussed as the number of concrete product offerings is increasing in the marketplace. With organizations facing an ever-growing ID problem in their Digital Transformation, dealing with employees, partners, customers and consumers, the following questions are being raised, “Is there an enterprise use case for Blockchain ID? If so, is it only KYC (Know Your Customer) or more? And, when and how will businesses be able to benefit from Blockchain IDs?”
Blockchain and the underlying concept of “Distributed Ledger Technologies” (DLT) have well passed the peak of initial hype. As always, focus is now shifting to real-world applications that allow companies to improve their business. It is less about cryptocurrencies and concepts with a global impact, but more about process and supply chain optimizations as well as better identity (ID) concepts. Blockchain IDs are being heavily discussed as the number of concrete product offerings is increasing in the marketplace. With organizations facing an ever-growing ID problem in their Digital Transformation, dealing with employees, partners, customers and consumers, the following questions are being raised, “Is there an enterprise use case for Blockchain ID? If so, is it only KYC (Know Your Customer) or more? And, when and how will businesses be able to benefit from Blockchain IDs?”