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22 October 2019

Gartner: Corporate Blockchain Won't Take Off for Another Decade - Bitcoin News

Gartner: Corporate Blockchain Won't Take Off for Another Decade - Bitcoin News


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A new report from Gartner asserts that in reality the enterprise solutions behind these projects are still five to ten years away from making an actual impact.

(NYSE: IT), a research and advisory firm specializing in the financial and IT industries and a member of the S&P 500, recently released a report for its clients titled “Hype Cycle for Blockchain Technologies, 2019.” The report shows that most corporate blockchain solutions are still five to ten years away from having a transformational impact on any industries as the company defines it.

“Blockchain technologies have not yet lived up to the hype and most enterprise blockchain projects are stuck in experimentation mode,” said Avivah Litan, analyst and research vice president at Gartner.

The Gartner report shows that enterprise blockchain is sliding into what the research company defines as the “Trough of Disillusionment” and the market will begin to climb out of this phase only by 2021.

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