Gartner: Blockchain Hits Hype Cycle Peak
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....
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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,....
A recent study by Gartner has shown that blockchain has reached the ‘peak of inflated expectations’ phase of the hype cycle as the chief architect of ACI Worldwide states that the distributed ledger technology is not yet able to handle financial transactions at scale. The study by Gartner ‘Hype Cycle for Emerging Technologies, 2016,’ found that blockchain won’t reach mainstream adoption for another five to ten years. According to Mike Walker, research director at Gartner, the Hype Cycle for Emerging Technologies report is the longest-running, providing an overview of what technologies are....
Over-hyped cryptocurrencies such as bitcoin are still in a period of "inflated expectations", leading tech advisory firm Gartner has found. As part of its 2015 'Hype Cycle' report on emerging technologies, it included cryptocurrencies among the sectors marked by "over-enthusiasm" and "unrealistic projections". Gartner's annual release - marketed at R&D teams - tracks the maturity of more than 2,000 nascent technologies on the road to mainstream adoption. It has five key stages that follow expectations over time: innovation trigger, peak of inflated expectations, trough of disillusionment,....
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....
Is bitcoin getting the same attention it once was? Some are suggesting that the digital currency is losing its lustre, as enthusiasm wanes. But, how can we measure that, and whose enthusiasm are we talking about exactly? The technology industry can be a fickle and fashion-led business. Research firm Gartner even has a name for it: the hype cycle. The cycle is a line graph charted on two axes, with visibility on the vertical, and maturity on the horizontal. The Gartner hype cycle: Image via Gartner. It starts with a technology trigger (that would be Satoshi's invention of the distributed....