News & Views
‘We’re still not taking blockchain seriously – the opportunities in 2025 are endless’
Originally published on Management Today on December 19, 2024
It’s been more than a decade since Bitcoin first sparked a blockchain revolution. Globally, the blockchain market has steadily grown over the years – the market value increased from $4.19 billion in 2020 to $26.91 billion in 2024. Yet, blockchain’s potential to drive business growth in 2025 remains largely untapped, with just 3.9% of people worldwide using it.
The problem with the status quo: inefficiency, lack of transparency and risk
Modern businesses are complex, with vast supply chains, countless transactions and mountains of customer data. They must manage, process and validate this with the utmost accuracy and security. But traditional systems, riddled with inefficiencies, often fail to meet the demands of today’s fast-paced digital economy.
According to a new study from TMX Global, supply chain woes are now costing the UK economy over £12 billion a year in lost revenue due to inefficiencies. Many of these issues stem from the inability to verify data quickly and accurately across multiple touchpoints. By offering real-time, distributed data that cannot be altered or tampered with, blockchain can help businesses to trace every part of a supply chain with unprecedented accuracy. No more paper trails, no more waiting on third parties – just one source.
Supply chains are one example. When you factor in the growing complexity of compliance regulations, such as GDPR in Europe, maintaining data security and privacy becomes a major challenge for companies. Blockchain can address this by ensuring all transactions are cryptographically secure and auditable, making it easier to meet compliance requirements while boosting customer trust.
Beyond efficiency: unlocking new opportunities
Blockchain isn’t just about solving old problems. It’s about creating new opportunities. Take micropayments (a small payment, usually under £1, made online). Traditionally, businesses have shied away from smaller transactions due to high processing fees. But technology such as BSV Blockchain, a unique blockchain that has enterprise-grade applications and services, can help instant and cost-effective micropayments at scale, without the high fees.
This unlocks a new world for businesses to monetise their offerings. For cash-strapped enterprises, BSV Blockchain can provide an affordable way to tap into new revenue streams.
Blockchain has the potential to revolutionise how businesses manage cross-border transactions. Despite the UK processing over £87 trillion in cross-border payments a year after adopting ISO 20022 – a global standard for structured financial messaging – businesses still endure lengthy delays and high costs when transferring funds internationally, as highlighted by Bank Underground.
Blockchain can address these inefficiencies by removing intermediaries like banks, enabling businesses to reach global markets directly, in real-time, and at significantly lower costs. This is especially transformative for cost-conscious SMEs seeking to reach new customers beyond their home market.
Another area where blockchain is showing tremendous promise is in data-sharing ecosystems. In healthcare, for example, blockchain creates secure, transparent networks that allow organisations to share patient data across various institutions, with both strong privacy and accessibility. Siloed data creates inefficiencies and increases the risk of errors; blockchain can offer a much-needed solution.
Sustainability: blockchain’s role in a greener future
By enabling greater supply chain transparency, blockchain allows companies to track the environmental impact of their products in real-time. A fashion retailer can trace every step of their garments’ journey, from raw material sourcing to production and shipping, ensuring their sustainability claims are verifiable.
Blockchain’s role in carbon credit markets is another promising area. A carbon credit market is a system designed to reduce greenhouse gas (GHG) emissions, providing economic incentives for companies, organisations and even governments to lower their carbon footprint. The UK government has committed to achieving net-zero emissions by 2050: blockchain can help create transparent and secure carbon credit trading platforms. These systems validate credits, reducing the risk of fraud and making it easier for businesses to offset their carbon footprint.
Also, by reducing inefficiencies and eliminating intermediaries, blockchain helps businesses reduce their overall carbon footprint. Just think of the energy saved when eliminating the need for paper records, redundant data storage and inefficient payment systems! It’s not just about doing business better – it’s about doing business more sustainably.
The competitive edge
In 2025, our view is that the companies that have started integrating blockchain into their operations have a significant advantage. They offer more transparent services, streamlined operations and tap into new markets with innovative offerings. We believe these are the companies that will not only survive the next few years – they’ll thrive.
Those that hesitate risk being left behind. The blockchain revolution isn’t coming – it’s already here. For business leaders, the opportunity is clear: invest in blockchain today to secure your place in tomorrow’s economy.
For more information about BSV Blockchain and how it can help address your business or government needs contact us here.