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Tuesday, May 14, 2019

Blockchain: Why, When and How? Link it to Process

Cautionary tale about Blockchains and all that in the TechRepublic.  With links to Gartner stats.  Fatigue only if it is not appropriately linked to real process and business goals.      If you have not developed a process map of the business involved, you won't know if you are doing the right thing.

A lack of industry consensus as to what constitutes a blockchain solution and overzealous attempts to apply the technology is creating blockchain fatigue, according to Gartner.

Blockchain, as a technology, is often treated as a solution to every potential business or computing problem. Companies keep throwing money at it, with spending expected to total $2.9 billion this year. Successful deployments of blockchain projects are limited, with "initiatives failing to match the initial market exuberance that will lead to disillusionment and buyer fatigue," according to Gartner's Predicts 2019: Future of Supply Chain Operations report. Gartner also predicts that by 2023, "90% of blockchain-based supply chain initiatives will suffer blockchain fatigue for lack of strong use cases."

Depending on where you stand, the report has a quite realistic—or bleak—outlook for the blockchain market, noting that "companies struggle to identify how blockchain will be a better offering and provide higher value over conventional technology." Despite years of enthusiasm, "most organizations continue to struggle to understand what blockchain is, the capabilities it offers, what these might mean to their business, and what problems blockchain could or should solve," the report noted. ... " 

Via Walter Riker ...

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