About this Constellation ShortList™
No new technology since the Internet itself has excited so many pundits as has blockchain. Launched a little more than 10 years ago, blockchain is the underlying platform for the Bitcoin digital currency, which took the payments industry completely by surprise. Partly because of the sheer novelty and partly due to sweeping claims made for its security properties, blockchain is thought by many to have countless applications beyond payments.
Blockchain mania has largely settled down. The limitations of the original blockchain have become apparent, and the future is rather clearer. A great many “Synchronous” – or Distributed – Ledger Technologies (SLTs) have been inspired by blockchain, and R&D continues apace on many levels around fundamental algorithms, service delivery, and applications. As the field continues to evolve, one feature is shared by all important blockchain spinoffs: they help to orchestrate agreement in real time on some property of a complex set of shared transaction data when parties are at arm’s length. Hence, Constellation Research has introduced the label Synchronous Ledger Technologies.
SLTs remain highly complex. The business case also remains relatively narrow and fragile: if transacting parties are not at arm’s length, or if trusted third parties are inherent to the operation, then blockchain generally adds little or no value. Constellation advises early adopters of these technologies to follow the work of
large research consortia or laboratories and to be cautious with the many startups that have launched special-purpose applications. The big ledger labs and managed service providers have the necessary resources and skills to perform patient, diligent requirements analysis and detailed cryptographic investigations. This list presents the leading services and labs able to help most businesses evaluate and adopt SLTs in a safe and responsible manner.
Constellation considers the following criteria for these solutions:
- Deep technology skills, in computer science, business applications and systems integration
- Professional services capability
- Resources - both human and capital
- Realistic, practical objectives for these technologies, explained in plain language
- Governance of both the network operation and software development
- Sound R&D, top-down design, and application lifecycle management
- Community engagement, research integrity, and quality of publications
The Constellation ShortList™
Constellation evaluates over 15 solutions categorized in this market. This Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share, and internal research.
- Hedera Hashgraph
Frequency of Evaluation
Each Constellation ShortList evaluation will be updated every 180 days as needed.
If you would like to put our extensive expertise in vendor selections and contact negotiations to work for you, please contact us at ShortList@constellationr.com.