Cointelegraph Takes a Giant Leap

In an exciting development, Cointelegraph, the premier name in blockchain and cryptocurrency news, has launched its Cointelegraph Consulting division. This is no small potatoes! Their mission? To push enterprise blockchain adoption by educating companies on the wonders of blockchain technology and connecting them with the right vendors to help with implementation. It’s like a matchmaking service for techies, but with a lot more buzzwords.

The Blockchain Boom: Numbers That Speak Louder Than Words

According to Gartner, the added business value from blockchain is projected to hit over $176 billion by 2025 and a staggering $3.1 trillion by 2030. That’s a lot of zeros! However, traditional consulting firms are just now developing a grasp of what blockchain is all about. It’s like watching your grandparents learn how to use their smartphones. Cue the laughter!

Building Bridges in Blockchain

Cointelegraph believes their six-year history of unearthing blockchain gems makes them uniquely qualified to boost enterprise adoption. Their extensive network is set to facilitate smooth connections between businesses and leading blockchain vendors. You might say they’re the “Siri” of the blockchain world; just ask them for advice, and they’ll find the answer.

Meet the Team: Expertise Galore

Leading the charge at Cointelegraph Consulting are industry veterans, technology analysts, and former high-flyers from consultancy firms like Boston Consulting Group and McKinsey. These folks are skilled at guiding enterprise customers through every stage of blockchain implementation—from identifying use cases to launching solutions. Given that only 7% of enterprise blockchain pilots make it to production, this expertise is not just fluff; it’s vital. As Arsenii Dain, managing director, put it, “We’re not here to sell our own solutions; we’re connecting the best match for our clients.”

Food for Thought: Supply Chain Use Cases

One of the first reports from Cointelegraph Consulting, produced in collaboration with Insolar, titled “Empowering Supply Chain Digital Transformation with Distributed Ledgers,” examined five use cases in diverse industries. Some challenges highlighted include:

• Poor traceability: Approximately 70% of supply chains lack visibility between suppliers and clients.
• Poor automation: An eye-popping 90% of retailers struggle to accurately forecast demand.
• Communication issues: Around 60% of companies regularly overpay their supply chain vendors.
• Compliance pressure: A whopping 45% of supply chain executives get overwhelmed with regulatory compliance requirements.

Vendor Partnerships: The Game Changers

Cointelegraph Consulting has already teamed up with Insolar and VeChain—both leading blockchain solution providers. Insolar’s platform promises smooth integration into public or private networks without the hassle of operating a node. As Peter Fedchenkov, their founder, said, “Companies don’t want to commit to something they don’t understand.” With potential clients including Fortune 500 companies, it seems the stage is set for a revolution.

Going Public: Transparency in Blockchain Adoption

VeChain’s unique technology helps Walmart China enhance customer trust by improving food safety and traceability—essentially ensuring that customers know where their food came from, down to the last lettuce leaf. As Kevin Feng, COO of VeChain, stated, “While most solutions are private, we offer public blockchain benefits.” It’s where reliability meets transparency, flipping the script on how businesses deliver trust.

The Future Looks Bright

The consulting division is still in its infancy, but talks with an additional 20-30 service providers are already underway. Dain even tipped that a major enterprise client is poised to join soon. With plans to set up shop in Singapore and connect service providers with potential partners at events like the upcoming meet-up in Davos 2020, Cointelegraph Consulting is on a roll. So grab some popcorn because this show is just getting started!