Blockchain introduces "Trough of Disillusionment" on the Hype scale of Gartner

The interest in blockchain technology is decreasing, Gartner stated in his latest report "Hype Cycle for Emerging Technologies"

Gartner included blockchain, along with four other emerging technologies, as one of five trends in able to tarnish the lines between human beings and machines, according to a press release of 20 August. Blockchain technology is on the sidelines of the cycle of "depression of disillusionment", although it predicts that technology can reach the "productivity plateau" within the next decade.

The "trough of disillusionment" means that "interest [in the technology] diminishes as experiments and implementations fail." Technology producers shake or fail. Investments continue only if the surviving suppliers improve their products in a satisfactory adoptive manner, "as explained on the Gartner website.

Mike Walker, vice president of research at Gartner, said in a press release that" 39; digitized ecosystems are making their way to Hype Cycle quickly, "adding:

" The Blockchain platforms and [internet of things] have now peaked and we believe they will reach maturity in the next 5-10 years, with digital twins and graphs of knowledge

The "transition from technical compartmentalisation to ecosystem enabling platforms", as written in the press release, is building the foundations for unique business models as technology stabilizes in future.

In addition to blockchain technology, which is part of the "digitized ecosystems", four other distinct emerging technological trends that are listed on the hype cycle are "democratized AI", "do-it-yourself biohacking", "immersive transparent experiences" and "ubiquitous" infrastructure, according to the release.

The Hype Cycle for Emerging Technologies report is Gartner's longest annual cycle, according to the Gartner website, and serves to provide a cross-sectoral perspective on technology and trends.

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