The implementation of enterprise blockchain technology can be a complex and costly endeavor, and unfortunately, it can also fail. The failure of an enterprise blockchain implementation can be caused by a variety of factors, including inadequate planning, lack of resources, and inadequate technical expertise. This episode was an attempt to provide helpful answers to some of the most common questions about enterprise blockchain implementation and adoption failures and then examining some additional capabilities that should be considered when integrating the solutions to avert those risks

1. Enterprise Blockchain
Implementation And Adoption Failure
Ghan Vashishtha
Episode 5

2. What will this webinar teach us?
Blockchain Investment
CAGR (2019-27)
Viewers can expect to get an understanding of the top reasons
why enterprise blockchain adoption fails and how to circumvent
them
Top barriers for enterprise blockchain implementation
Key steps required to avert chances of failure pertaining to
enterprise blockchain adoption
It will be a deep dive to help viewers better understand enterprise
blockchain implementation pitfalls and how users can overcome
them.
Explore the best blockchain implementation practices to follow
An insight into how enterprise-grade security offered by Zeeve for
deployment and web3 infrastructure management can help
enterprises follow a structured approach towards enterprise
blockchain adoption

3. Blockchain has
the potential to add
$1.76 trn 40 million
To the global economy by 2030
We predict that blockchain
technology could enhance around
Jobs globally by 2030

4. 5
12% 17% 8% 26% 34% 3%
Active blockchain/
blockchain as a
service implemented
Pilot/proof-of-
concept projects
currently underway
Creating pilot
projects
Having discussions, but no
projects yet underway
Not currently using or
exploring blockchain
Unsure/
don’t know

5. 5
1. Blockchain technology can disrupt most industries, but it is not a solution
to every problem. Not everyone understands it or knows its use cases.
Businesses should first figure out if their business needs blockchain
before trying to apply it to everything.
2. Fundamental misunderstanding of the Blockchain’s economics and
the means to creating long-term monetization leads to enterprise
blockchain implementation failures
3. Lack of proper governance structure and incentive mechanisms.
4. Regulatory concerns
Common Mistakes Why Enterprise Blockchain Systems Fail

6. 5
Top Barriers to Blockchain Adoption
30% 30% 29%
Implementation Regulatory Issues Potential security Threats

7. 5
5
Enterprise Blockchain Adoption Challenges
5
Organizational Economics Technological
1. Internal stakeholder
buy-in
2. Network governance
3. Adoption by network
participants
4. Lack of talent
5. Regulation
1. Incentives for network
participants
2. Cost of new IT,
implementation and
integration
3. Quantifying the ROI
1. Maturity
2. Performance
3. Interoperability
4. Privacy
5. Manageability
6. Ease of integration
7. Supportability

8. 5
Blockchain Implementation cost
Scalability
Finding the most suitable blockchain application is not as easy as a majority of them are not fully
developed. Further, the most convenient platforms come at a huge cost in terms of implementation
and even energy costs.
5
Most of the potential users of enterprise blockchain platforms are multinational firms like banks whose
clientele is in the order of tens of millions. Given that most blockchain solutions available are still under
development, it is difficult to scale them to efficiently serve the huge number of customers without
hitches

9. 5
Security
Criminal Activity
Given the immaturity of the technology, there are glaring vulnerabilities that expose users to
cybercrime. Until issues like scamming are fixed, potential users will continue to exercise caution and
mass adoption will not happen soon.
5
Blockchain has a credibility problem arising from the fact that many criminals use it to facilitate dirty
endeavours. Notably. Some organizations do not want to partake in Platform where they coexist with
criminals, and they opt not to implement the technology.

10. 5
Data Privacy
Lack of partners
It is clear that a blockchain network is based on a distributed ledger where all participants have
access to data on the platforms. As such, there is lack of data privacy and that firms will not be able to
maintain their leverage against their competitors. Subsequently, many potential users shy away from
the technology for fear of losing their competitive advantage
5
Blockchain is quite novel and understanding its basic principles requires assistance by those that are
already knowledgeable. However, getting the night partner is problematic given that the law available
are completely stretched with demand. Therefore, one is not likely to get the right kind of solutions.

11. 5
Insufficient Blockchain Literacy
Transitioning Difficulty
Information regarding the yse and implementation of blockchain is scattered and accessing the most
useful piece of information is sometimes difficult. Further, organizations lack proper internal knowledge
regarding use of blockchain. Therefore, it becomes difficult to develop a strong business strategy
centered on technology.
5
Organization have grown used to extant structures, and their staff are also specifically trained to utilize
them. Given that enterprise blockchain implementation requires completely new structures,
transitioning from legacy structures, transitioning from legacy structures becomes difficult.

12. 5
Unclear Regulatory Environment
Interoperability Challenges
Many government are still unclear about how they view blockchain from a legal standpoint. This
results from the complexity of the technology. Therefore, potential users fear future legal problems
and elect not to engage in the ecosystem.
5
One constant hurdle to enterprise blockchain implementation is the incapability of users on one
platform to sufficiently interact with users on other platforms. This lack of interoperability is holding
back many potential users.

13. 5
Steps involved in blockchain implementation

14. 5
Famous Examples of Enterprise Blockchain
Project Failures
1. Maersk and IBM are scrapped TradeLens, a supply chain ecosystem that facilitates information
exchange for more than 65% of containerised #trade, in a surprise announcement last month that
marked the demise of yet another digital trade platform. It was also a example of failure of
enterprise blockchain implementation failure. The closure of Tradelens was due to competitors not
wanting to share business-critical data on the digital platform.
2. We.trade, one of the world’s earliest and fastest-growing blockchain-based trade finance platforms,
has ceased operating after failing to raise enough capital to fund operations for the remainder of the
business year.
3. The Australian Securities Exchange (ASX) said it was scrapping a much-delayed
blockchain announced in 2016 that was meant to replace the clearing and settlement
system that powers that equities market.

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to industry – Best Blockchain Nodes.

16. 5
1. How does blockchain disrupt the business?
2. Is the purpose of the business application understood?
3. Is the technology resilient, scalable, and secure?
4. What are the impacts of blockchain technology on the market?
5. How does blockchain reduce cost or improve customer service?
6. How should blockchain be governed and administered?
7. Are we considering a 3-5-year plan for blockchain?
Key questions companies should consider before
implementing blockchain

17. 5
1. Objective assessment of how blockchain can solve business problems and
also rank opportunities based on potential business impact as well as
adoption ease
2. Identify & prioritize business use cases with quantifiable outcomes
3. Identify the data elements and network participants for each use case …also
create governance for shared value creation
4. Align incentive for each participant in the network using ecosystem thinking
as ecosystem thinking can maximize value from blockchain adoption and it
also creates value for the industry
A structured approach to blockchain adoption
To Maximize the benefits of blockchain, enterprises need to take a planned and measured
approach to adoption

18. 5
1. Understanding of underlying problems and needs, then devising proper
implementable solutions.
2. User focus + Value focus.
3. Make it simple and easy to use.
4. Familiarize with regulation.
Some of best practices towards achieving wider
enterprise blockchain adoption success rate as follows:

19. 5

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