The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate.
For example, public enterprise blockchain use has become an ongoing trend this year as companies like ConsenSys aim to drive adoption for open, permissionless networks. On the flip side, it’s important to point out that private blockchains are still being leveraged by enterprises and will continue to be utilized as innovation continues.
Advancing open, permissioned blockchain networks
Most recently, computing giant IBM announced that it has open-sourced a large portion of its Hyperledger Fabric code to help drive up adoption rates for enterprise blockchain use cases.
Kareem Yusuf, general manager of AI and blockchain applications at IBM, told Cointelegraph that this is one of IBM’s largest contributions to open-source code. He further noted that the company is unveiling a new Hyperledger Fabric support offering, along with donating the code that