Thematic Intelligence: Blockchain in Consumer Goods, Packaging, and Foodservice
Summary
This report looks at blockchain adoption trends and use cases in the specified sectors.
Blockchain can bring value to consumer companies in two key ways: by improving the traceability of their supply chains and as a form of payment via cryptocurrencies. Supply chain traceability is the use case that consumer goods, foodservice, and packaging companies can all derive value from. This blockchain application can enable these companies to prove the ethical credentials of their supply chains.
Scope
- Accommodating cryptocurrency payments is a useful but non-essential investment for consumer companies.
- Supply chain transparency is a slightly more urgent topic. This is because consumers care about the environmental and social footprint of the products they are purchasing.
- Of the three industries this report focuses on (consumer goods, packaging, and foodservice), blockchain has the most relevance to consumer goods and foodservice.
- Understand the relevant consumer trends and attitudes that drive and support innovation success so you can tap into what is really impacting the industry.
- Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
- Access valuable strategic take-outs to help direct future decision-making and inform new product development.
- Executive Summary
- Players
- Technology Briefing
- What is blockchain?
- The four key characteristics of a blockchain
- How a blockchain transaction works
- What blockchain is not
- Blockchain architecture
- Public key encryption
- Centralized versus distributed ledger
- Consensus mechanisms
- Types of blockchains
- Which blockchain should you use?
- Smart contracts
- The role of cryptocurrencies in different types of blockchains
- Trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size and growth forecasts
- The financial services industry leads the way in global blockchain spending
- The US leads the way
- Timeline
- Signals
- M&A trends
- Venture financing trends
- Company filing trends
- Hiring trends
- Value Chain
- Infrastructure layer
- Semiconductors
- Nodes
- Storage devices
- Networking equipment
- Data centers
- Software layer
- Blockchain protocols
- Permissioned blockchains
- Hybrid blockchains
- Permissionless blockchains
- Middleware
- Application layer
- Centralized applications
- Services layer
- Blockchain as a service
- IT and professional services
- Infrastructure as a service
- Companies
- Leading blockchain adopters in consumer goods, packaging, and foodservice
- Specialist blockchain vendors in consumer
- Sector Scorecards
- Consumer sector scorecard
- Who's who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Technology trends
- Table 2: Macroeconomic trends
- Table 3: Regulatory trends
- Table 4: Key M&A transactions associated with the blockchain theme in 2023
- Table 5: Key venture financing deals associated with the blockchain theme in 2023
- Table 6: Leading blockchain adopters in consumer goods, packaging, and foodservice
- Table 7: Specialist blockchain vendors in consumer
- Table 8: Glossary
- Table 9: GlobalData reports
- List of Figures
- Figure 1: Who are the leading players in the blockchain theme, and where do they sit in the value chain?
- Figure 2: Blockchain is distinguished from traditional databases
- Figure 3: A blockchain transaction can be broadly divided into six steps
- Figure 4: Blockchain is not bitcoin
- Figure 5: Blockchain is a type of distributed database
- Figure 6: The data stored in a block depends on the blockchain
- Figure 7: Linking transactions together makes it practically impossible to tamper with them
- Figure 8: Tampering with one of the blocks will cause the hash of that block to change
- Figure 9: Public key encryption is essential for securing blockchain transactions and verifying ownership
- Figure 10: Transactions are validated using a mechanism that is entirely independent of central control
- Figure 11: Most permissionless blockchains use one of two consensus methods
- Figure 12: Distinguishing between access control and network management in blockchain
- Figure 13: Private and federated blockchains are the preferred choice for most enterprises
- Figure 14: Selecting the type of blockchain is complex – a traditional database is often sufficient
- Figure 15: Smart contract transactions can broadly be divided into seven steps
- Figure 16: Top blockchain trends
- Figure 17: GlobalData estimates that the global blockchain market will be worth $291 billion by 2030
- Figure 18: The financial services industry leads blockchain spending
- Figure 19: The evolution of blockchain can be divided into several distinct phases
- Figure 20: The blockchain story
- Figure 21: The number of blockchain-related M&A deals remains strong despite the crypto crash
- Figure 22: Blockchain's share of tech M&A deals is increasing
- Figure 23: Centralized cryptocurrency exchanges lead the way in blockchain-related M&A activity
- Figure 24: US companies lead blockchain M&A activity
- Figure 25: In 2023, blockchain funding fell by 65%, while deal volume decreased by 41%
- Figure 26: Blockchain's growing prominence in tech funding
- Figure 27: Large funding rounds are down in 2023 as investors become more cautious
- Figure 28: Blockchain-related venture financing is driven by the US
- Figure 29: Most of the volume is in early-stage deals, while most of the value is in later-stage deals
- Figure 30: Blockchain is attracting a lot of attention from major venture financing firms
- Figure 31: Mentions of blockchain decreased between 2018 and 2020, and rose between 2020 and 2023
- Figure 32: Blockchain-related hiring has steadily accelerated in the consumer goods sector
- Figure 33: The blockchain value chain
- Figure 34: The blockchain value chain - Infrastructure layer
- Figure 35: Infrastructure layer – Semiconductors
- Figure 36: Infrastructure layer – Nodes
- Figure 37: Infrastructure layer – Storage devices
- Figure 38: Infrastructure layer – Networking equipment
- Figure 39: Hosting grows more decentralized, yet centralized providers like AWS retain a significant share
- Figure 40: Infrastructure layer – Data centers
- Figure 41: The blockchain value chain - Software layer
- Figure 42: Permissionless versus permissioned blockchain protocols
- Figure 43: Software layer – Permissioned blockchains
- Figure 44: The three most popular third-party blockchain protocols for permissioned blockchains
- Figure 45: Third-party protocols have a prominent role within the federated blockchain landscape
- Figure 46: Hybrid blockchains are less common than permissioned and permissionless ones
- Figure 47: Software layer – Hybrid blockchains
- Figure 48: The competitive landscape for public permissionless blockchains is diverse
- Figure 49: Software layer – Permissionless blockchains
- Figure 50: Software layer – Middleware
- Figure 51: Cross-chain interoperability enables interaction between different blockchain networks
- Figure 52: Layer 1 solutions involve modifications to the underlying blockchain protocol
- Figure 53: Layer 2 solutions operate on top of the existing layer 1 blockchain
- Figure 54: Blockchain's inherent transparency and immutability present unique challenges in privacy and security
- Figure 55: The blockchain value chain - Application layer
- Figure 56: Application layer – Centralized applications
- Figure 57: Major financial institutions view asset tokenization as a significant market opportunity
- Figure 58: The blockchain value chain - Services layer
- Figure 59: Services layer – Blockchain as a service
- Figure 60: Services layer – IT and professional services
- Figure 61: Services layer – Blockchain development and infrastructure services
- Figure 62: Who does what in the consumer space?
- Figure 63: Thematic screen
- Figure 64: Valuation screen
- Figure 65: Risk screen
- Figure 66: Our five-step approach for generating a sector scorecard
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