Blockchain Adoption Abysmally Low: Gartner

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More than a third of chief information officers (CIOs) have no interest in deploying any sort of blockchain solution in their organizations. A measly 1% already have invested and deployed a blockchain project and a not-very-impressive 8% are either actively experimenting with or planning soon to deploy a blockchain project.

Adding the 43% of CIOs who say that blockchain is on their radar but that have no current plans to take action to the 34% who have no interest in blockchain brings the total to more than 75% who essentially couldn’t care less about blockchain.

The survey was conducted by Gartner for its 2018 CIO Survey and elicited responses from 3,160 CIOs in 98 countries, representing approximately $13 trillion in revenue/public sector budgets and $277 billion in IT spending.

Gartner Fellow and vice-president, David Furlonger, said:

This year’s Gartner CIO Survey provides factual evidence about the massively hyped state of blockchain adoption and deployment. It is critical to understand what blockchain is and what it is capable of today, compared to how it will transform companies, industries and society tomorrow.

Among the 293 (9%) firms in the short-term planning stage or that already have adopted a blockchain solution, 23% of CIOs say the technology requires the most new skills to implement of any technology area and 18% said that blockchain skills are the most difficult to find.

Furlonger cited possible reasons for the talent shortage:

The challenge for CIOs is not just finding and retaining qualified engineers, but finding enough to accommodate growth in resources as blockchain developments grow. Qualified engineers may be cautious due to the historically libertarian and maverick nature of the blockchain developer community.

Blockchain technology [also] requires understanding of, at a fundamental level, aspects of security, law, value exchange, decentralized governance, process and commercial architectures. It therefore implies that traditional lines of business and organization silos can no longer operate under their historical structures.

For additional information and details visit the Gartner website.

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