Gartner Research

Building Blockchain Into Your Data and Analytics Program

Published: 23 February 2017

ID: G00323393

Analyst(s): Saul Judah, Nick Heudecker

Summary

Blockchain's distributed trust model promises to remake existing business processes. Data and analytics leaders must recast existing data management and analytics capabilities and add new competencies to manage risk and exploit new opportunities.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • After years of managing transformative disruption, data and analytics leaders are uniquely equipped to manage and capitalize on the early state of blockchain
  • Blockchain-based networks simplify data access and consistency across participants, and early use cases such as auditing, fraud analytics, and data sharing and collaboration demonstrate the benefits available from blockchains or distributed ledgers
    • Auditing and Product Lineage
    • Fraud Analytics
    • Data Sharing and Collaboration
  • Blockchain technologies, standards and companies are highly volatile and major upheavals are likely before production use cases are possible
    • Technology Maturity and Interoperability
    • Limited Support for Analytics Beyond Bitcoin
    • Inadequate Data Management Capabilities

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