Monday, June 10, 2019

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

From Supply Chain Dive:
Dive Brief:
  • The majority of blockchain platform implementations, 90%, will require replacement within 18 months to "remain competitive, secure and avoid obsolescence," by 2021, according to Gartner.
  • IT leaders overestimate available blockchain platforms, according to the research. The current state of blockchain platforms generate fragmented offerings and create overlap, "making technology choices confusing," 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.
Dive Insight:
Blockchain is having an identity crisis, constrained by assumptions and technological immaturity prohibiting efforts from moving beyond the pilot phase.

Industry often associates blockchain with the "Wild West of cryptocurrencies and initial coin offerings," according to Forrester. Ditching the term blockchain for distributed ledger technology might help develop its reputation....
....MUCH MORE

As noted in 2017's "Shipping: Every Link In The Global Trade Supply Chain That Blockchain Could (maybe) Transform":
..... And for some reasons why blockchain may be more helpful to real businesses as opposed to finance stuff, read between the lines of:
"Is an Editable Blockchain the Future of Finance?"
So the lady asked, "Inquiring minds want to know: can blockchain reconcile 200% institutional ETF ownership?".
Sure, why not.
Of course this is no longer blockchain, it's some sort of database combined with an eraser head. We'll call it 'blockhead'....