Making Sense of Blockchain: How Firms Can Chart a Strategic Path Forward ^Top ITI Low ITI High IRI Low IRI High II: Transition Is Needed but Could Be Risky Now  Firms dealing in health, medical records, and medical research data – Hospitals, healthcare service providers  Financial settlements, trading transactions, cross-border transactions, insurance and claims – Vanguard, BNY Mellon, Nasdaq, Australian Securities Exchange, JP Morgan  Automobile telematics tracking – Volkswagen, Renault, Toyota, Daimler  Supply chain, Retailers, CPG – Bosch, Walmart, Alibaba, De Beers  Telecommunication – Verizon, Comcast, AT&T  Aerospace – Airbus, Boeing, GE, Air France, Lufthansa  Shipping – Maersk  Government land registry and other document management functions I: Transition Is Neither Safe nor Required Now  Small and medium enterprises that have limited vendors, transactions, and resources – Startups, small manufacturers, cottage industries, one-shop retailers, local restaurants and service providers, SME brokers and money transfer services, etc.  Firms dealing in public transactions, publicly consumable goods, and shared resources that don’t need scalability or privacy – Non-profit firms, charity organizations, religious institutions, government bodies, research, and educational institutions, Airbnb, Uber, etc. IV: Transition Is Both Required and Safe  Large tech firms (supply chain functions that need involve tracking multiple vendors) – Intel, IBM, Microsoft, AWS, Wipro, Google, Cisco, etc.  Non-tech firms that are building their tech competencies through internal resources or leasing shared infrastructure – Verizon, Comcast, GE, BNY Mellon, Citi, Goldman Sachs, etc. III: Transition Is Safe but not Required Now  Large tech firms (non-supply chain functions) – IBM, Microsoft, Wipro, Google, etc.  Small tech startups providing single or limited product solutions on shared infrastructure (blockchain-as-a-service) or on platforms provided by large tech firms – Everledger, Axoni, ShipChain, etc.