Enterprise blockchain might not be at the top of every enterprise leader’s mind; some even consider it dead and buried, but it is very much alive. Investment in enterprise blockchain has noticeably slowed; but after years of unnecessary hype, is that a bad thing? Today, enterprise blockchain investments focus on what really matters to drive real business outcomes.
The “HFS Horizons: Enterprise Blockchain Services, 2025” report assesses how well service providers are helping their enterprise blockchain clients to embrace innovation and realize value across three distinct Horizons:
The report evaluates the capabilities of 14 service providers across HFS’s enterprise blockchain services value chain based on a range of dimensions to understand the why, what, how, and so what of their offerings.
It highlights the value-based positioning for each participant across the three distinct Horizons through detailed profiles, outlining provider facts, strengths, and development opportunities.
The report is global in scope and offers critical insights for enterprises of all shapes and sizes, service providers offering enterprise blockchain services, and ecosystem partners.

Note: All service providers within a Horizon are listed alphabetically
Source: HFS Research, 2025
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