SIS International Research, a global market research firm headquartered in New York City, has set up blockchain division called SIS Blockchain.

Enterprise blockchain will be vital

After two years of consulting clients on blockchain applications in various industries including finance, supply chain and real estate, SIS Research established a separate blockchain consulting team, according to a press release on Sept. 4.

Michael Stanat, vice-president of global operations at SIS Research, noted that the company has worked with key education, healthcare and supply-chain firms on their specific needs for adopting blockchain.

SIS Research believes that enterprise blockchain will become an important part of business strategy in the future, Stanat added.

SIS Blockchain’s area of work

According to the press release, SIS Research has also been providing its expertise for companies willing to deploy blockchain in government structures, shipping and logistics, B2B and Internet of Things.

As a result, the company came up with its own approach to blockchain strategy consulting such as technology acquisition and partnership strategy as well as market research and competitive intelligence tools covering trends, sourcing, customer and Proof-of-Concept research among others.

Additionally, SIS Blockchain will operate alongside the company’s existing FinTech, EdTech and BeautyTech strategy consulting divisions, the release notes.

In late August, tech market advisory firm ABI Research estimated that global revenues for blockchain technology will git $10 billion by 2023.