Blockchain enters "Trough of Disillusionment" According to Gartner

  Blockchain enters

Blockchain

Gartner, Inc., a research and consulting firm specializing in the financial and IT sector, recently published a report stating that blockchain entered the "depression of disillusionment" regarding the life cycle of hype technology and adoption.

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Blockchain introduces "Trough of Disillusionment" according to Gartner "Hype Cycle"

In the most recent report "Hype Cycle for Emerging Technologies", Gartner positioned "Blockchain" as if he had just entered the "trough of disillusionment", according to the company's "hype cycle" metric.

According to Gartner, the "trough of disillusionment" is the third phase of the "life cycle" of a technology – including the period during which "Interest diminishes as experiments and implementations fail to yield results. Technology producers shake up or fail.The investments continue only if the surviving suppliers improve their products with early adopter satisfaction. "

Gartner estimates that Blockchain will reach" maturity "within 10 years

The metric of the hype cycle of Gartner states that a technology must go through the stages of "innovation trigger" a "peak of inflated expectations" before entering the trough of disillusionment, from which it will then enter the "slope of the" lighting "before reaching its" productivity plateau ". Despite the evaluation of the company of the "blockchain" "The adoption of the sector, Gartner describes the application of the blockchain in data security as including a new sector which is about half of its first cycle of adoption

"The Blockchain platforms […] have now passed the peak and we believe it will reach maturity in the next 5-10 years, with digital twins and knowledge charts at their heels," said Mike Walker, res earch vice president at Gartner.

At the beginning of this month, a survey conducted by Deloitte found that 44% of US blockchain-savvy executives believe that "blockchain is overhyped." Of all participants, including executives from Canada, Mexico, the United Kingdom, France, Germany, China and the United States, 39% said they believed the technology was overwritten.

You agree Gartner evaluations on 39; blockchain industry? Share your thoughts in the comments section below


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