Blockchain Hits its Gartner Peak

Blockchain has hit the peak of its hype cycle according to Gartner

Blockchain has hit the peak of its hype cycle according to Gartner. The report issued by Gartner in 2016 asserts that Blockchain is at a stage in its development where user and the public suffer from inflated expectations about its benefits. Although this might sound negative, the report goes on to project that Blockchain will come to be a “transformational” technology across a variety of industries and forecasts that this is only 5-10 years away.

In the report Gartner says that Blockchain will radically transform economic interactions with a programmable economy and will raise critical questions which today have no clear answers.

According to Gartner, less than 1% of total audience is using Blockchain and that those sectors which will pick up on Blockchain the quickest will be manufacturing, government, healthcare and education. 

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region. Lara worked with Unlock Blockchain until 2022.

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