Gartner: Corporate Blockchain Will Not Take Off for another Decade | Shelter Crypto | Shelter Humanity | Charity Token Homeless | Charity Coin
All sorts of companies have reported for years that they use blockchain technology to track vegetables, make fake handbags, and other things. These reports mostly focused on tests that were conducted for publicity purposes, often riding the coattails cryptocurrency. They rarely concerned actual products. Gartner has released a new report that claims the enterprise solutions behind these projects may not be able to make an impact in real life for five to ten more years.
Gartner: Blockchain Technologies are not living up to the hype
Gartner, Inc., a research and advisory firm specializing on the financial and IT industry, released a report titled, “Hype Cycle For Blockchain Technologies, 2019,” which shows that most corporate-level blockchain solutions are five to ten years from having a transformative impact on any industry, according to the company. Check out more about Charity Coin
Gartner believes enterprise blockchain solutions must become mainstream. They should not have to worry about selecting the right platform, the best smart contract language and system interfaces. The company also explained that there must be a solution to concerns about users interoperating with other blockchain platforms.
Gartner: Corporate Blockchain Will Not Take Off for Another Decade
Avivah Litan from Gartner, analyst and research vice President, stated that blockchain technologies have yet to live up to their hype. Most enterprise blockchain projects are still in experimentation mode. “Blockchain has not yet enabled a digital business revolution across all business ecosystems. This may not happen until at most 2028 when Gartner expects the blockchain to be fully scalable both technically and operationally.”
When will the Blockchain Hype Come to an End?
Gartner reports that enterprise blockchain is in the “Trough of disillusionment”. The market will start to recover from …