Blockchain: a disruptive force

In recent months, the success of Bitcoin has focused attention on its underlying technology, blockchain and led to the realisation that blockchain could be used in many industries beyond digital currencies and financial services. The result has been a multi-billion-dollar wave of investment in the blockchain technology by a host of start-ups and big corporates alike.

In our latest report for Counterpoint’s Emerging Tech Opportunities service, we analyse the blockchain technology with a particular focus on its potentially disruptive impact across a number of different industries. We discuss the challenges facing companies planning to implement the technology during the next few years.

Some of key findings from our research include:

  • Distributed Ledger Technology (DLT) will impact multiple industry sectors in increasingly fundamental ways. However many people are not looking past cryptocurrencies to see either the real threats or the real opportunities the technology presents.
  • DLT can be applied to a wide range of applications and industries. In the financial services sector, expect DLT to result in banks being able to dramatically reduce staff required for authenticating and approving transactions and thereby boosting their ROE. Start-ups such as Chain, Ripple and Abra have partnered with major financial institutions to reinvent settlement, trade finance and remittances.
  • Beyond financial services the range of potential DLT applications is almost limitless. However, most of these applications are largely untested. The reality is that blockchain in non-financial services applications is still in its infancy and there are considerable challenges including cost, scalability, privacy and legal issues. Nevertheless – expect leading players to start implementing DLT on a modest scale by end 2019, and widespread by early the 2020s.
  • Expect blockchain to be challenged by other DLT solutions that address its limitations. However, while blockchain is at an early phase in its development, many other technologies that might challenge it are still at a nascent stage and untested in the wild.
  • Distributed ledger technologies such as blockchain have the potential to have a profound impact on the world. However it is likely that adoption will be gradual and steady rather than sudden, primarily because coordination costs between multiple parties will limit the speed of development. As a result, despite the potential, do not expect an internet-like revolution in DLT use beyond cryptocurrencies. At least, not yet.

To access the full report, talk to us about subscribing to Counterpoint’s Emerging Tech Opportunities service.

Peter has 27 years experience in the mobile industry with extensive experience in market analysis and corporate development. Most recently Peter was Global Head of Market and Competitive Intelligence at Nokia. Here he headed a team responsible for analyzing and quantifying the industry. Prior to Nokia, Peter was an equity analyst at SoundView Technology Group. And before that he was VP and Chief Analyst of mobile and wireless research at Gartner. Peter’s early years in the industry were spent with NEC and Panasonic.

Term of Use and Privacy Policy

Counterpoint Technology Market Research Limited


In order to access Counterpoint Technology Market Research Limited (Company or We hereafter) Web sites, you may be asked to complete a registration form. You are required to provide contact information which is used to enhance the user experience and determine whether you are a paid subscriber or not.
Personal Information When you register on we ask you for personal information. We use this information to provide you with the best advice and highest-quality service as well as with offers that we think are relevant to you. We may also contact you regarding a Web site problem or other customer service-related issues. We do not sell, share or rent personal information about you collected on Company Web sites.

How to unsubscribe and Termination

You may request to terminate your account or unsubscribe to any email subscriptions or mailing lists at any time. In accessing and using this Website, User agrees to comply with all applicable laws and agrees not to take any action that would compromise the security or viability of this Website. The Company may terminate User’s access to this Website at any time for any reason. The terms hereunder regarding Accuracy of Information and Third Party Rights shall survive termination.

Website Content and Copyright

This Website is the property of Counterpoint and is protected by international copyright law and conventions. We grant users the right to access and use the Website, so long as such use is for internal information purposes, and User does not alter, copy, disseminate, redistribute or republish any content or feature of this Website. User acknowledges that access to and use of this Website is subject to these TERMS OF USE and any expanded access or use must be approved in writing by the Company.
– Passwords are for user’s individual use
– Passwords may not be shared with others
– Users may not store documents in shared folders.
– Users may not redistribute documents to non-users unless otherwise stated in their contract terms.

Changes or Updates to the Website

The Company reserves the right to change, update or discontinue any aspect of this Website at any time without notice. Your continued use of the Website after any such change constitutes your agreement to these TERMS OF USE, as modified.
Accuracy of Information: While the information contained on this Website has been obtained from sources believed to be reliable, We disclaims all warranties as to the accuracy, completeness or adequacy of such information. User assumes sole responsibility for the use it makes of this Website to achieve his/her intended results.

Third Party Links: This Website may contain links to other third party websites, which are provided as additional resources for the convenience of Users. We do not endorse, sponsor or accept any responsibility for these third party websites, User agrees to direct any concerns relating to these third party websites to the relevant website administrator.

Cookies and Tracking

We may monitor how you use our Web sites. It is used solely for purposes of enabling us to provide you with a personalized Web site experience.
This data may also be used in the aggregate, to identify appropriate product offerings and subscription plans.
Cookies may be set in order to identify you and determine your access privileges. Cookies are simply identifiers. You have the ability to delete cookie files from your hard disk drive.