Hype Cycle Peaks as ACI States Blockchain Can’t Handle Financial Transactions at Scale
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....
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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,....
The popular Bitcoin explorer and wallet company Blockchain.info has revealed a new protocol to the cryptocurrency ecosystem called the Thunder Network. The project is in its alpha release and the code is open source. Thunder allows users to make off-chain payments instantaneously with lower fees. Can The Thunder Network Help Scale Bitcoin? Blockchain.info’s Thunder claims it will be able to process transactions at a rate faster than most credit card processors such as Visa and Mastercard. Currently, many developers and community members are afraid the Bitcoin protocol will not scale to the....
While Bitcoin may not replace the U.S. dollar anytime soon, the underlying technology of the blockchain is certainly generating hype among mainstream financial institutions. Startups experimenting with blockchain technology for financial institutions are already receiving funding from banks like JPMorgan. In fact, in an Emerging Theme Radar note sent to its clients, Goldman Sachs has declared that the technology has the capability of drastic change. “While the Bitcoin hype cycle has gone quiet, Silicon Valley and Wall Street are betting that the underlying technology behind it, the....
For the participants at the Bitcoin-related conference “Blockchain: Money,” the prevailing sentiment was pretty clear; the hype around the word blockchain is dying down and Bitcoin is coming back in a big way. This was evident in many of the well-known speakers’ presentations on the status of the industry. Blockchain hype giving way to the “OG” at packed....
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....