44% of American executives think "Blockchain Is Overhyped", Deloitte Survey Finds

  44% of American executives think "Blockchain Is Overhyped", Deloitte Survey Finds "title =" 44% of American executives think "Blockchain Is Overhyped", Deloitte Survey Finds "/> </div>
<p>                  Blockchain
<p><strong>  New indicators indicate that business executives begin to think that the so-called blockchain technology is a kind of curative drug for their industries that can simply extract from Bitcoin and release the cryptocurrency. The latest example of this is a recent Deloitte poll, which shows that 44% of American executives think of "blockchain overhyped". </strong></p>
<p><strong><em>  Read also: </em><em>  90% of corporate "Blockchain" pilots will never materialize </em></strong></p>
<h2 style= "Blockchain Fatigue" is set in

  44% of American executives think The accounting giant Deloitte has conducted an international survey of over 1,000 "blockchain-savvy" from seven countries, including the United States, Canada, Mexico, the United Kingdom, France, Germany and China. Data show that 39% of respondents worldwide believe that the blockchain is "overhyped". And in the United States this figure is even higher, with 44% seeing blockchain as overhyped, from 34% in 2016. The main problem is that despite the constant stammering on the blockchain, there are actually very few cases of use active. As a result, Deloitte says that "blockchain fatigue" is beginning to creep into those who feel "its potential has been over-communicated, while its advantages in the real world remain elusive."

The analysis explains that established companies face a host of legacy problems while trying to make the blockchain fit for an existing business model that may or may not benefit from it. Respondents also see a series of obstacles going forward, with a third statement that the current return on investment remains "uncertain". Only 34% say that their company has started deployment in any way.

Shift Towards Pragmatism

  44% of Americans Leaders think that Trying to make a positive turn to the results, Deloitte analysts have written that: "By themselves, these numbers seem to indicate that the blockchain is going moving in the wrong direction, however, we believe that this change in attitude reflects more the shift towards pragmatists in the blockchain community. "They added that:" Based on our experience with emerging disruption, we believe that the adoption of blockchain is much more advanced in the United States than the Deloitte global survey indicates "However, it is important to remember that their 2016 report has also overestimated the rate at which the production of blockchain will materialize with respect to what has actually happened so far.

The analysis finds that there is a significant number of skeptics who see blockchain as the engine overhyped behind a volatile and unregulated financial market. The writers try to put some of the blame for this on cryptocurrency traders, who allegedly "have helped bring mainstream notoriety to the blockchain," among the general public. Yet, there are signs that advertising is not over yet. For example, nearly 40% of executives reported that their companies will invest $ 5 million or more in blockchain technology in 2019.

Does the idea of ​​corporate "blockchain" make sense to you? Share your thoughts in the comments section below.

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