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Blockchain and Identity in 2018: A Year of Promise and Pilots

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August 22, 2018
By Kaelyn Lowmaster

OWI has released its latest research, “Blockchain and Identity in 2018: A Year of Promise and Pilots,” providing a comprehensive review of the state of blockchain for identity as of the second quarter of 2018.

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OWI has released its latest research, “Blockchain and Identity in 2018: A Year of Promise and Pilots,” providing a comprehensive review of the state of blockchain for identity as of the second quarter of 2018. The new paper highlights 18 companies and organizations — 13 featured companies and five up-and-coming companies to watch — at the forefront of the blockchain identity landscape.

The eighteen featured companies include Evernym, Hyperledger, IBM, R3, ID2020, Sovrin Foundation, Civic, BanQu, Cambridge Blockchain, ShoCard, ObjectTech, Tierion, uPort, Datum, Dominode, Pillar, Procivis, and Sphere Identity.

The free report reviews OWI’s five key predictions from 2017 and examines how they fared, with a particular focus on how they’ve impacted the overall maturation of the blockchain identity space. Highlighting the leading solution providers, the report concludes with five new predictions for the coming year, along with an analysis of the market’s overall trajectory and potential growth areas.

Among the report’s findings are the following observations:

  • Investment in blockchain-based projects has already surpassed 2017 totals, but the hysteria has subsided.
  • Expect 2019 to be a year of retrenchment as enterprises get smarter about their needs, regulators catch up, and the bad ideas start to peter out.
  • Investment levels in blockchain-centric companies and organizations have remained high, and more educated investors and customers have begun to differentiate cryptocurrencies from the wider applicability of distributed ledger technologies.

“In the past year we’ve seen the market start to grapple with exactly the kinds of questions we see as critical to blockchain development in the identity space,” said Travis Jarae, CEO of OWI. “Solutions are beginning to coalesce around a more defined set of identity use cases, with governance structures designed with targeted functionalities and regulatory concerns in mind.”

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