Enterprise blockchain is forecast to grow from $5.6B in 2020 to $13.8B by 2025, progressing through four phases: platform development, application creation, large-scale rollouts, and infrastructure standardization. Initially driven by user consortia, adoption is expanding across sectors such as insurance, government, supply chain, and media. Key drivers include smart contracts, traceability, secure data exchange, and process automation. Hyperledger remains the leading platform, while Blockchain-as-a-Service (BaaS) from cloud providers like Amazon, IBM, and Oracle lowers barriers to entry and accelerates enterprise deployment.

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