Rapid Growth of the Enterprise Blockchain Solutions Market: Why Companies Are Choosing It in 2025 and Market Outlook

As of November 2025, the global enterprise blockchain solutions market is experiencing unprecedented growth. According to the latest report by IDC, enterprise blockchain spending is expected to increase by 67.3%, from $18.9 billion in 2024 to $31.6 billion in 2025. This rapid growth is driven by companies’ confidence in creating tangible business value beyond mere technological curiosity. Blockchain technology is particularly recognized as a key solution for overcoming the limitations of existing systems in supply chain management, financial services, and healthcare data management.

In South Korea, blockchain adoption is accelerating in conjunction with the government-led Digital New Deal policy. The Ministry of Science and ICT announced an investment of 284.7 billion won in the blockchain sector in 2025, a 43% increase from the previous year, with 70% of this investment focused on the development and commercialization of enterprise solutions. Major domestic IT companies such as Samsung SDS, LG CNS, and Naver Cloud Platform are actively securing corporate clients through their proprietary blockchain platforms, intensifying market competition.

The key drivers of this market growth are the specific business challenges faced by companies. Increasing complexity in global supply chains, heightened concerns over data security, and pressure for ESG management are major factors promoting the adoption of blockchain technology. According to McKinsey’s Q3 2025 survey, 73% of responding companies cited “improving operational efficiency” and 68% cited “ensuring data transparency” as primary reasons for adopting blockchain.

The use of blockchain is particularly prominent in supply chain management. Walmart (headquartered in Arkansas, USA) mandated the use of IBM’s Hyperledger Fabric-based blockchain platform for transactions with global suppliers starting in 2024, reducing the response time to food safety incidents from seven days to 2.2 seconds. Walmart reported achieving an annual cost savings of approximately $1.2 billion through this system, with the time to resolve disputes with suppliers reduced by an average of 85%. Domestically, Hyundai Motor Group began applying its self-developed ‘Nexo Chain’ platform to parts transactions with approximately 400 first-tier suppliers starting in the first half of 2025, expecting to save about 34 billion won annually in recall costs through improved parts traceability.

Innovation in Financial Services and Building Digital Asset Infrastructure

In the financial services sector, blockchain technology is fundamentally transforming traditional financial infrastructure beyond simple cryptocurrency transactions. As of 2025, JP Morgan’s (headquartered in New York, USA) JPM Coin surpassed $10 billion in daily transaction volume, achieving an average processing speed 40% faster and fees 15% lower than the traditional SWIFT system in international corporate remittances. This demonstrates that blockchain-based payment systems are no longer experimental technology but a core infrastructure providing a competitive edge.

In the domestic financial sector, blockchain adoption is also becoming more pronounced. Shinhan Bank commercialized its self-developed blockchain platform ‘Shinhan Trade Chain’ for corporate clients’ trade finance services starting in October 2025. This system reduced the entire process from issuing letters of credit to payment from 5-7 days to 1-2 days, with document processing costs reduced by 80% from an average of 2.3 million won to 450,000 won per transaction. KB Kookmin Bank also applied blockchain to SME supply chain finance starting in the second half of 2025, automating collateral evaluation and credit assessment processes, and significantly reducing loan approval times from 3-5 days to 4-6 hours.

In the realm of digital asset management, the use of blockchain by companies is expanding. BlackRock (headquartered in New York, USA) announced that following the launch of its Bitcoin ETF in 2024, it is managing various cryptocurrency-based ETF products such as Ethereum and Solana as of November 2025, with total assets amounting to $48.7 billion. Domestically, Mirae Asset Global Investments launched the first blockchain-based real estate tokenization product in September 2025, raising 120 billion won in just three months, significantly improving liquidity compared to traditional real estate investments.

Intensifying Competition and Market Segmentation in Enterprise Blockchain Platforms

In the enterprise blockchain platform market, there is intense competition surrounding technical performance and user-friendliness. While Hyperledger Fabric (led by the Linux Foundation) still maintains the highest market share in the enterprise market, Microsoft’s (headquartered in Washington, USA) Azure Blockchain Service and Amazon’s (headquartered in Washington, USA) Amazon Managed Blockchain are rapidly expanding their market share with a cloud-native approach. According to Gartner’s Q3 2025 survey, Hyperledger recorded a 31.2% market share, Microsoft 24.7%, and Amazon 18.9% in the enterprise blockchain platform market.

Each platform exhibits different strengths in terms of performance. Hyperledger Fabric can process up to 20,000 transactions per second and offers excellent security in private networks, but its complexity in setup and management is noted as a drawback. In contrast, Microsoft Azure Blockchain processes 3,400 transactions per second, offering easy integration with existing enterprise systems and a developer-friendly interface. Amazon’s solution, with a relatively lower processing performance of 1,200 transactions per second, is popular among SMEs due to its seamless integration with the AWS ecosystem and the convenience of managed services.

Domestic companies are also actively developing their own blockchain platforms. Samsung SDS’s ‘Nexledger’ currently serves over 270 domestic corporate clients, showing high satisfaction particularly in the manufacturing and logistics industries. Nexledger, capable of processing 10,000 transactions per second, has been applied to Samsung Electronics’ global supply chain management, improving parts traceability to 99.7%. LG CNS’s ‘Monachain’ offers specialized functions for the financial sector and is used in building digital financial services for major banks such as Shinhan Bank and Woori Bank.

Improving interoperability of blockchain technology is also emerging as an important trend. Cross-chain technology led by Polkadot (headquartered in Zug, Switzerland) and Cosmos (headquartered in California, USA) enables data and asset movement between different blockchain networks, creating an environment where companies can utilize various blockchain ecosystems without being dependent on a single platform. The Ethereum Foundation (headquartered in Zug, Switzerland) launched the ‘Ethereum 2.0 Bridge Protocol’ in September 2025, processing an average of $2.3 billion in cross-chain transactions daily, supporting companies in implementing multi-chain strategies.

However, there are still significant challenges in adopting enterprise blockchain. According to Deloitte’s 2025 blockchain survey, 58% of responding companies cited “complexity of integration with existing systems” and 52% cited “regulatory uncertainty” as major concerns. Particularly, the conflict between data regulations like GDPR and the immutability of blockchain is a barrier to adoption in the European market. The shortage of blockchain professionals is also a serious issue, with domestic IT companies taking an average of 4.3 months to hire a blockchain developer, offering salaries 35% higher than those of general developers.

Energy efficiency and sustainability issues also influence companies’ decisions to adopt blockchain. Unlike Bitcoin’s Proof of Work method, most enterprise blockchain platforms adopt Proof of Stake or Proof of Authority methods, significantly reducing energy consumption. After Ethereum transitioned to Proof of Stake in 2022, its energy consumption decreased by 99.9%, contributing to companies’ ESG goals. Domestically, Korea Electric Power Corporation announced plans to introduce blockchain for renewable energy certificate (REC) trading starting in the second half of 2025, aiming to enhance transaction transparency and improve carbon credit management efficiency.

Looking ahead, the enterprise blockchain market is expected to become more segmented and specialized. PwC’s 2025 blockchain outlook report predicts that the global enterprise blockchain market will grow at an average annual rate of 43.7%, reaching $124.7 billion by 2028. High growth rates are expected particularly in supply chain management (31.2%), financial services (26.8%), and healthcare data management (18.4%). The domestic market is also projected to expand, growing at an average annual rate of 52.1% to reach 8.3 trillion won by 2028, supported by the government’s Digital New Deal policy and the K-Digital Platform construction project. This growth momentum is driven not just by technological excellence but by the creation of tangible business value and improvements in operational efficiency, accelerating the integration of blockchain technology into the corporate environment.

In conclusion, as of 2025, blockchain technology has moved beyond the experimental stage to become a core business infrastructure in the corporate environment. By solving specific business challenges such as supply chain transparency, financial service efficiency, and data security, it provides measurable ROI and is recognized as an essential element in companies’ digital transformation strategies. However, continuous ecosystem development and policy support are needed to address challenges such as technical complexity, regulatory uncertainty, and workforce shortages. In the coming years, the corporate adoption of blockchain technology is expected to accelerate further, continuously creating new business models and value creation opportunities.