Blockchain has garnered much hype and expectation in recent times. However, new reports released by Gartner predict a more sober vision for the technology in the next few years. A May 2019 report predicts that 90% of blockchain based supply chain initiatives will suffer from
‘blockchain fatigue’ by 2023. Beyond supply chain, 90% of enterprise blockchain platforms will become obsolete within two years.
Last year Gartner stated that blockchain was already beyond the peak of expectations in the
Gartner hype cycle and entering the trough of disillusionment.
Gartner attributes this ‘blockchain fatigue’ to a lack of strong use cases. Indeed, a survey conducted by Gartner found that only 19% of respondents had designated blockchain as ‘very important’ for their business, and only 9% had invested in the new technology.
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