Report: Industry will need to replace 90% of blockchain platforms by 2021

Soure: CIO Dive

Dive Brief:

  • The majority of blockchain platform implementations, 90%, will demand replacement within 18 months to "remain competitive, secure and avoid obsolescence," by 2021, according to Gartner.
  • CIOs overestimate available blockchain platforms, according to the research. The current state of blockchain platforms have fragmented offerings and created overlap, "making technology choices confusing" for IT leaders, Gartner said.
  • Blockchain vendors use messaging that doesn't translate to an enterprise customer's needs, Gartner research found. Transactions and security are among the top affiliated functions with the ledger technology, but potential buyers are "confused" by whether or not blockchain can accomplish tasks better than other, readily available tools.

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