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Casper Labs Named a Contender in IDC MarketScape: Worldwide Blockchain Services 2024 Vendor Assessment

March 14, 2024

Matt Coolidge

SVP of Global Communications

Editor’s note: Casper Labs recorded an exciting milestone this month: the company was featured in popular technology analyst firm IDC’s new Marketscape report for blockchain technology. Interested individuals can access the full report here (IDC account required).

Casper Labs, the enterprise blockchain software leader, today announced it has been named  a Contender in the IDC MarketScape: Worldwide Blockchain Services 2024 Vendor Assessment (doc #US49434623, February 2024). The IDC MarketScape assessment evaluated technology vendors utilizing blockchain across a variety of attributes, including growth, innovation, functionality, size and customer satisfaction, among other criteria.

"As generative AI takes the world by storm, blockchain is emerging as a highly complementary technology that lets businesses better store, secure, track and share the use of their IP," said Mrinal Manohar, CEO of Casper Labs. "The ability to better manage and govern datasets within AI systems marks a key step towards realizing the technology's long-term potential. We believe while this recognition validates the diligent work of our team, we’re looking forward to the forthcoming innovations that will help drive businesses forward in this new AI era."

To meet this growing demand for AI transparency and governance among global enterprises, Casper Labs recently announced a collaboration with IBM Consulting to develop a new Casper Labs solution built for enterprises. Designed with blockchain and built leveraging IBM watsonx.governance and, the solution will bring greater monitoring and control to enterprise AI initiatives and applications.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.