The majority of enterprise players don’t want to use distributed ledger technologies.
The Blockchain adoption in enterprise is not something that current CIOs want to develop or deploy, according to a survey conducted by Gartner.
Blockchain is Overhyped, and CIOs Aren’t Using It.
Gartner’s annual CIO Survey was conducted by asking 3138 CIOs to respond to questions. Just 14% want to use blockchain as part of their medium- to long-term planning, while 8% are eyeing short-term implementation. Just 1% are already using blockchain.
This is a massive shock compared to the general perception that the technology was indeed entering the mainstream. This survey shatters that perception and presents the theory that blockchain could be overhyped.
Reading through the results, David Furlonger, suggested that part of the problem was the overzealous marketing of the technology.
IT leaders are finding it challenging not just to find qualified engineers, but also to find enough of them to deal with a growth in blockchain developments. “Qualified engineers may be cautious due to the historically libertarian and maverick nature of the blockchain developer community”.
23% of CIOs felt blockchain needs the most new skills to implement, while 18% believe that blockchain skills are the most difficult to find.
Nonetheless, Gartner can’t deny that some industries are embracing the tech; telecom, insurance, and financial services the most likely sectors to be trying it out. Furlonger concluded his announcement by adding a note of caution:
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