I’m sorry to be the bearer of bad news but according to Gartner‘s Hype Cycle, blockchain is “sliding into the trough of disillusionment,” meaning the technology is struggling to live up to the hype.
In the firm’s own words, the “trough of disillusionment” means that “interest [in the technology] wanes as experiments and implementations fail to deliver.
Producers of the technology shake out or fail.
Investments continue only if the surviving providers improve their products to the satisfaction of early adopters.”
In fact, Gartner‘s Hype Cycle – a graphical representation of the life cycle stages a technology goes through from conception to maturity and widespread adoption – shows most blockchain technologies are still five to 10 years away from transformational impact.
“Blockchain technologies have not yet lived up to the hype and most enterprise blockchain projects are stuck in experimentation mode,” said Avivah Litan, an analyst and research vice president at Gartner.