2017 Global Blockchain Benchmarking Study

122 Pages Posted: 21 Sep 2017 Last revised: 20 Oct 2019

See all articles by Garrick Hileman

Garrick Hileman

London School of Economics; Blockchain.com

Michel Rauchs

University of Cambridge - Cambridge Centre for Alternative Finance

Date Written: September 22, 2017


The first global blockchain benchmarking study presents a systematic and comprehensive picture of a rapidly evolving industry, examining how blockchain and distributed ledger technology (DLT) are being used in the public sector and enterprise. The study analysed non-publicly available data gathered from over 200 central banks, other public sector institutions, DLT start-ups, and established companies. Findings from the study include which protocols central banks and are testing (57% of surveyed central banks are experimenting with the Ethereum codebase), targeted use cases, emerging revenue models, timing of deployment, and key challenges.

Keywords: blockchain, distributed ledger technology, central banks, Bitcoin, Ethereum

JEL Classification: E40, E58, G18, G20, G28, K12, K24, L24, L80, M13, M15, O14, O30, O32, O33, Y10, Y20

Suggested Citation

Hileman, Garrick and Rauchs, Michel, 2017 Global Blockchain Benchmarking Study (September 22, 2017). Available at SSRN: https://ssrn.com/abstract=3040224 or http://dx.doi.org/10.2139/ssrn.3040224

Garrick Hileman (Contact Author)

London School of Economics ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

Blockchain.com ( email )

86-90 Paul Street, 3rd Floor
London, EC2A 4NE
United Kingdom

HOME PAGE: http://https://www.blockchain.com/research

Michel Rauchs

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

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