{"id":8732,"date":"2018-09-28T07:00:17","date_gmt":"2018-09-28T15:00:17","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=8732"},"modified":"2018-08-03T06:24:29","modified_gmt":"2018-08-03T14:24:29","slug":"blockchain-failing-to-live-up-to-the-hype-as-projects-flounder","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/blockchain-failing-to-live-up-to-the-hype-as-projects-flounder\/","title":{"rendered":"Blockchain: Failing to Live up to the Hype as Projects Flounder"},"content":{"rendered":"

Interest over the last few years in blockchain has been very strong.\u00a0 Businesses across a variety of industries announced plans to invest in blockchain with goals of disrupting status quo models for doing business. Few of those projects\u00a0 have yet been successful.\u00a0 Forrester calls 2018<\/a> a year of reckoning for blockchain projects and predicts that more than 90 percent of blockchain projects will fail.<\/p>\n

Martha Bennett<\/a>, Principal Analyst at Forrester research, wrote that<\/a> “blockchain is split between two parallel universes: One is the world of press and vendor hype, fueled in equal measure by commercial self-interest and a genuine desire for innovation, and which remains firmly in the phase of irrational exuberance. The other is the world of enterprise business and technology professionals actually working on blockchain projects; this world is firmly anchored in the phase of rational assessment.\u201d<\/p>\n

Rajesh Kandaswamy<\/a>, an analyst at Gartner, said that<\/a> “the disconnect between the hype and the reality is significant — I\u2019ve never seen anything like it. In terms of actual production use, it\u2019s very rare.”<\/p>\n

Brian Behlendorf,<\/a> executive director of Hyperledger, told Bloomberg that<\/a> businesses “want to see other people fail first — they don\u2019t wanna be a guinea pig. It\u2019s just the nature of enterprise software.”<\/p>\n

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Interest over the last few years in blockchain has been very strong.\u00a0 Businesses across a variety of industries announced plans to invest in blockchain with goals of disrupting status quo models for doing business. Few of those projects\u00a0 have yet…<\/span><\/p>\n

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