Gartner’s 2018 CIO Survey suggests that all the hubbub over blockchain technology may be little more than hype at this point. Among those surveyed, only 1 percent said that their enterprises were currently using blockchain, and 77 percent said they had no interest in blockchain or distributed ledger technology.
Several organizations, including many financial institutions and cloud computing vendors, have recently been promoting blockchain, and Gartner cautions that enterprises should not dismiss the technology out of hand. “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,” said David Furlonger, Gartner vice president.
A separate report from IDC forecasted that spending on blockchain will climb from $2.1 billion in 2018 to $9.7 billion by 2021.