Gartner Report: Cryptocurrencies are Still Over-Hyped

Recently, Bitcoin.com reported on the 2016 Gartner Hype Cycle, which placed blockchain technology at the “Peak of Inflated Expectations.” Now, a senior official from Gartner suggested that distributed ledger technology is “over-hyped.” Gartner Executive Peter Sondergaard Says ‘Blockchain Technology Is ‘Over-Hyped Right Now’. Gartner’s senior VP for....

The fervent enthusiasm for blockchain technology among the banking and financial industry is a case of the innovation being “over-hyped” according to a senior executive of technology research firm Gartner. As blockchain takes center stage at the annual Swift-organized banking and financial conference Sibos, one technology executive sees the technology being over-hyped, at least in the short term. Peter Sondergaard, senior vice president for technology at prominent technology research and advisory firm Gartner opined that while distributed ledger technology represents “fascinating area” to....

According to a report released by tech advisory firm Gartner, bitcoin and other cryptocurrencies are still in their hype but might be due to plateau in two to five years. The report included bitcoin in its sectors marked by "over enthusiasm" and "unrealistic projections". This annual release is marketed for R&D firms and tracks the maturity of more than 2,000 nascent technologies on the road to mainstream adoption. It makes use of five key stages that follow expectations over time: innovation trigger, peak of inflated expectations, trough of disillusionment, slope of enlightenment, plateau....

According to the latest Gartner Hype Cycle report, Blockchain technology is just about at the Peak of Inflated Expectations. Meanwhile, cryptocurrencies such as Bitcoin and related businesses like exchanges are further ahead in the Trough of Disillusionment. Peak Blockchain? Gartner has recently released its report Hype Cycle for Emerging Technologies,....

Blockchain has hit the peak of its hype cycle according to Gartner. That's the key finding from a new report, issued this week, that asserts the emerging technology is at a stage in its development where users and the public are suffering from "inflated expectations" about its benefits. Internet of Things (IoT) platforms, connected homes and smart robots were other technologies included in this category. But if that sounds negative, Gartner’s report also projects blockchain will come to be "transformational" across a variety of industries, and it forecasts that this....