Report: Blockchain Technology Projects Will Be Shelved From 2018
The survey was conducted by GlobalData Thematic Research.
The hype surrounding blockchain technology will recede sharply in 2018 as the cost and complexity of implementing blockchain solutions becomes apparent says GlobalData, a leading data and analytics company. Many of the early blockchain projects will either be quietly shelved in favour of more traditional approaches or they will evolve in a way which reduces their dependence on blockchain technology.
GlobalData's Thematic Research report, ‘Blockchain – Thematic Research,’ reveals that while the market is awash with absurd claims about the benefits of blockchain technology, there are some key domains where the ability to execute distributed transactions without relying on a single central authority will bring significant value. While blockchain technology will have lost much of its gloss by 2025, it will have found its way into the heart of many key business processes; especially those involving multiple, disparate, participants.