PwC sees enormous potential for blockchain in financial services.
The firm has developed the strategic and implementation capabilities necessary to help financial institutions, technology companies and startups take advantage of this transformative technology.
“Organizations are starting to review the potential of blockchain to disrupt their industry through new business models and efficiencies. With skills in demand, sourcing and vendor management leaders need to explore the market for consultancy services to navigate the fast-evolving blockchain world... Organizations are looking for blockchain consultancy services to help them across the entire adoption life cycle.” This is according to Gartner in their Market Guide for Blockchain Consulting and Proof-of-Concept Development Services.
“With blockchain having such potential, organizations across all verticals are starting to investigate what the technology means for their industry, explore its potential impacts within their business and try it out on sample use cases. However, there is a shortage of skilled staff who both understand blockchain technology and can also help align that technology with potential business opportunities. Because of their scarcity, those staff who are available are very expensive. As a result, client demand has generated a rapid growth in blockchain consultancy services…In this rapidly evolving market, understanding the requirements and offerings of such consultants to support both strategy engagements and technical POC services is essential,” the report continued.
Commenting on the report, Paul Gaynor, PwC’s Global Technology and Alliance Consulting leader said: “We are delighted to be included in the Gartner report. In our view, we drive business transformation by aligning all three critical areas of our Business, Experience, and Technology (BXT) method. We feel this shapes the way we think through challenges – bringing together business acumen, user experience design, and existing and emerging technology.”
Source: Gartner, Inc., Market Guide for Blockchain Consulting and Proof-of-Concept Development Services, David Groombridge, Rajesh Kandaswamy, Chrissy Healey, 13 March 2018.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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