Gartner survey: Why is the global adoption rate of blockchain technology only 1%?

In his 2018 survey of chief information officers (CIOs), Gartner said that while executives in telecommunications, insurance and financial services have shown strong enthusiasm in planning decentralized technology, global information company information management The adoption and interest of blockchain technology is still low.

Gartner survey: Why is the global adoption rate of blockchain technology only 1%?

Although financial services and insurance companies have been working on blockchain activities around the world, Gartner says transportation, government and utilities are now starting to increase due to the emphasis on process efficiency, supply chain and logistics solutions. Input to blockchain technology.

For most telecommunications companies, interest in blockchain technology stems from the desire to “own infrastructure lines” and they want to be able to grasp the consumer payment opportunities it brings. This underpins the widely held view that interest in distributed bookkeeping (DLT), the backbone of cryptocurrency, is heating up globally.

However, only 1% of the CIOs surveyed by Gartner admit that “any type of blockchain is used in their organization”, while only 8% have short-term plans for blockchain technology or are actively experimenting with Blockchain technology.

David Furlonger, vice president and researcher at Gartner, said:

It is important for us to understand what the blockchain is, what it can do today, and how it will change the company, industry and society.

Although global interest in DLT is growing, Gartner further points out that 77% of the CIOs surveyed said their organization “has no interest in this technology or has plans to investigate or develop blockchain technology. ”

According to Furlonger, the blockchain should be adopted and implemented with caution. Any hasty action to adopt and deploy blockchain technology solutions "may lead to major issues in the organization, such as innovation failures, wasted investment, sloppy decisions, and even rejection of technology."

Of the 263 global CIOs surveyed, only 23% believe that this technology requires you to learn new skills, and it requires new technology in any technology area. Others say that the ability to find the solution's capabilities and management capabilities is the most difficult, and that the company's information technology department needs to be reorganized to truly implement the blockchain deployment.

The report states:

The challenge for CIOs is not just finding and retaining qualified engineers, but also finding enough resources to adapt to resource growth as the blockchain develops.

Furlonger concluded by:

While many industries initially expressed interest in blockchain programs, whether they would accept decentralized, distributed, iconic networks, or in the process of trying to introduce blockchains into traditional value streams and systems, Still to be observed.

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