Company Credited for Vision, Overall Market Impact, Nearshore and Onshore Resources, and Strong Industry Partnerships
NTT DATA, a digital business and IT services leader, today announced that it has been named a Leader in the Everest Group Enterprise Blockchain Services PEAK Matrix® Assessment 2023. Everest Group rated NTT DATA as well above average in most of the report’s nine Market Impact and Vision & Capability segments, giving the company its highest grades for vision & strategy, overall market impact, market adoption, the value it delivers, scope of services offered, delivery footprint, and overall vision & capability.
Blockchain has evolved into a mainstream technology in recent years. But while enterprises recognize blockchain’s transformative potential, they’ve struggled to develop high-end use cases on their own. This has opened up opportunities for service providers to deliver solutions that help customers overcome challenges dealing with blockchain technology, regulations, governance and interoperability.
Everest Group said Leaders such as NTT DATA are serving a key role in blockchain’s development, providing highly productized offerings that move beyond IT and consulting services to create value within business ecosystems. Everest said Leaders provide a high level of customer satisfaction, have deep industry expertise, and offer industry-specific solutions that leverage blockchain to create value for clients and their ecosystems.
“As companies try to take advantage of blockchain’s potential to enhance security, transparency, efficiency and trust across business operations, they’ll need trusted partners to help them achieve the value they’re looking for,” said Hidehiko Tanaka, Senior Vice President, Head of Technology and Innovation General Headquarters, NTT DATA Group Corporation. “Being named a Leader in Everest Group’s Enterprise Blockchain Service PEAK Matrix Assessment 2023 report shows that NTT DATA has the technology, skills, experience and market reach to unlock blockchain’s potential for their business.”
NTT DATA’s proprietary blockchain offerings include ioTrace, a GS1 supply chain-based food traceability solution; Blockchain Reconciliation Platform, a general-purpose multi-industry reconciliation platform; BlockTrace, a solution that builds and provides applications that meet customers' needs on a blockchain platform that according to business scenes and use cases; StampChain, a GDPR-compliant document certification platform; and KayTrust, a framework for organizations to manage end-to-end customer identities.
Everest Group credited NTT DATA for developing an extensive ecosystem through partnerships with key technology vendors, academic institutions and industry consortia. The report noted the company’s sizable onshore and nearshore presence that enables it to drive better client satisfaction in exploratory engagements. It also said NTT DATA has augments its capabilities, market impact and success in driving business outcomes with the development of an extensive collection of case studies that showcase the company’s expertise in blockchain services.
The report highlighted a pair of customer success stories, including one that implemented blockchain for a proof of concept in insurance. The use of blockchain to digitize trading documents enabled the firm to share documents such as bills and invoices more effectively.
“As blockchain technology further establishes itself within the enterprise ecosystem, novel approaches to collaboration and value creation are taking shape,” stated Parul Trivedi, Practice Director at Everest Group. “NTT DATA, with its expansive onshore and nearshore capabilities, and extensive partnerships with blockchain providers, consortiums, and academia, has established itself as a preferred partner for organizations exploring blockchain. Furthermore, NTT DATA’s comprehensive case studies, demonstrating its expertise and successful outcomes, further enhance its position as a Leader in Everest Group’s PEAK Matrix® Assessment for Enterprise Blockchain Services.”
The PEAK Matrix® for Enterprise Blockchain Service Provider Assessment 2023 evaluated 24 leading vendors. It is based on Everest Group’s annual RFI process, which includes interactions with leading blockchain service providers, client reference checks, and an in-depth analysis of the blockchain services market.
For more information, please visit NTT DATA’s Blockchain services page.