This IDC Perspective discusses blockchain tokens and the opportunities and challenges for enterprise customers. Enterprises are increasing their investments in distributed ledger technology (DLT) and smart contracts. The meteoric rise in the price of bitcoin called attention to distributed ledgers and it's also driving increased interest in blockchain tokens. In this document, we discuss some of the opportunities and challenges for enterprises looking to develop and deploy blockchain tokens.
"Enterprises will likely increase investments in asset-based tokens as a way to improve post-trade and post-transaction settlement. In addition, asset-backed tokens connected to ledgers can help improve the tracking and tracing of assets, and we believe this will increase in supply chains for both physical and digital products," says Bill Fearnley, research director, IDC's Worldwide Blockchain Strategies.