The S & P 500 executives are abandoning the blockchain order words on earnings calls and during presentations to analysts and investors. Analysts ask us even less.
Data: analysis of correct FactSet transcripts; Chart: Andrew Witherspoon / Axios
Because matter: The hype was just that. The chances that a company transforms blockchain "securities into reality" are scarce, as expected by Forrester Research.
The prospect of incorporating blockchain technology or cryptocurrency in companies excite investors and temporarily increase share prices – just look at Kodak, the Long Blockchain beverage company or the Hooters Chanticleer Holdings franchise – so it's no wonder executives wanted the shareholders knew that they too could enter the new technologies.
At the peak of this year, "blockchain" It has been mentioned 173 times, according to an analysis of the Axios corporate transcripts. Since then the number has dropped to 80%.
Bitcoin has never been so popular. Leaving that word or "cryptocurrency" was more common in the first quarter of this year – with only 68 mentions.
Bitcoin can not exist without blockchainbut one is clearly less controversial than the other. If you buy the way IBM sells it, the benefits of blockchain in the business include "reduced time", "reduced costs" and "reduced risk".
Cryptocurrency, meanwhile, has strong critics plus a reputation for volatile trading.
Two business examples:
IBM, which is responsible for over 70 "blockchain" mentions in the first quarter of 2017, is launching a lot of money on technology, with a specific blockchain staff of 1,500. He even recruited Walmart.
Then there is the technology consulting company DXC technology. The executives dropped "blockchain" five times during a May earnings call, without offering any concrete investment plans. The company has not mentioned it in the two profit calls it has held since then and has not responded to a request for comment.
Yes but: This does not mean in all the manufacturers that bought the blockchain or bitcoin hype did not follow their ads.
[ad_1]
