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Blockchain in Action: Making Distributed Ledger Technology work for industry

Substance to the hype:

Blockchain and distributed ledger technology (DLT)

The blockchain and DLT landscape in the UK is evolving rapidly and we are in a particularly advantageous position to thrive globally. These technologies have huge potential to disrupt markets, changing the way people work, collaborate and do business together. For example, both the manufacturing and creative industries have challenges in asset tracking and this is where DLT can play a crucial role in providing a trusted, decentralised audit trail across supply chains.

To show the scale of the advantage DLT can offer, Digital Catapult’s industry-first research investigated the current state of the UK landscape. “Blockchain in Action” is the first to survey the UK’s vibrant DLT community, offering a snapshot of the industry and reaching a significant proportion of blockchain companies operating in the UK.

The report also kicked off DLT Field Labs, an initiative that brings together technology businesses, industry and researchers to deploy and test the latest distributed ledger technology in the real world (and close to real world) environments.

% 74

of DLT companies have products ready to demonstrate and are already generating revenue

The two statistics are from the “Blockchain in Action” report

% 40

number of interviewed blockchain companies who felt their tech could be applied to multiple industries

The two statistics are from the “Blockchain in Action” report

Cyber101

Underpinning technology UK-wide

Digital Catapult’s Cyber101 programme is part of DCMS funded activity to grow the UK’s cyber security industry and the capability of cyber security startups and scaleups.

This programme is linked to the Develop strand of the UK Government’s National Cyber Security Strategy, a series of activities that will be supported by £1.9 billion in public investment over five years. Established in 2017, Cyber101 has supported over 100 cyber security startups through 17 Business Skills Bootcamps held around the country, and is delivered in partnership with The Accelerator Network, CSIT and Inogesis.

Between them, these 100 organisations have raised investment totalling over £20 million and of the startups involved, every single one is still operational. The average revenue increase of each company is 300%, demonstrating the huge economic opportunity presented by the sector and business opportunity open to those with the skills to grasp it.

Existing and new future networks, artificial intelligence and immersive technologies depend on a strong foundation of secure systems. Cyber101 is creating a thriving and dynamic cyber security sector, encouraging growth and establishing new markets for cyber security companies.

+ 100

cyber security startups supported

% 300

average revenue increase per company as a result of Cyber101