Over the summer, Linux Foundation Research undertook an independent and formal survey to help Hyperledger better understand the market and our brand. The research team collected quantitative and qualitative data from a broad community with knowledge of enterprise blockchain covering a range of topics, including brand familiarity and perceptions for Hyperledger and its projects as well as other blockchain technologies. The survey also looked at broader trends, opportunities and challenges in the enterprise blockchain space.
The resulting report, Enterprise Blockchain And The Hyperledger Brand, details a number of interesting findings and confirms much of the progress both the industry and Hyperledger have made in just over five years. Below are a few key highlights from the report:
- “Blockchain technologies are here to stay, and savvy enterprise users are preparing their organizations for the next wave of blockchain innovation, driven by the scaling of use cases. By and large, survey respondents expected blockchain to become a core technology (59% of respondents said they ‘agree strongly’ with this statement) that will enable new business models to emerge (69% strongly agreed).”
- “Hyperledger has many strengths to build on, according to the survey. Among them are its open-source paradigm (74% said this described Hyperledger ‘completely’), its trustworthiness (61%), its strong governance model (54%), its affiliation with a nonprofit foundation (54%), and support from leading companies (54%). Respondents viewed Hyperledger favorably as built by and for enterprise users (53%) and always evolving to meet new demands (50%).”
However, the report also highlights places where there is work still to be done in terms of driving adoption and in brand building, especially for the full range of Hyperledger projects. For example
- “Although they come in all shapes and sizes, enterprise blockchains face common problems across the space. Survey respondents identified these as the top challenges:
- lack of technological maturity (58%)
- difficulty of adopting and integrating with legacy systems (50%)
- difficulty of explaining to senior management (49%)
- regulatory risks (48%).”
- “A higher proportion (30%) of respondents were ‘extremely familiar’ with Hyperledger Fabric than with Ethereum (28%), ConsenSys Quorum (12%), or Corda (7%). However, only seven percent described themselves as extremely familiar with Hyperledger Indy, and the numbers were even smaller for Hyperledger Besu (6%); Hyperledger Sawtooth (6%); Hyperledger Burrow (3%); and Hyperledger Iroha (3%). At the other end of the scale, only 12 percent of respondents had ‘not heard of’ Hyperledger Fabric but higher proportions had not heard of Hyperledger Indy (27%), Hyperledger Besu (30%), Hyperledger Sawtooth (24%), Hyperledger Burrow (32%), and Hyperledger Iroha (34%).”
The report and a full breakdown of the survey findings are available to Hyperledger members. Find out more about Hyperledger Membership here.