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According to a survey conducted by Gartner, only 1 percent of CIOs indicated any kind of blockchain-based solution within their organizations, and only 8 percent of CIOs were in short-term planning or active experimentation with blockchain.

The survey of 3138 CIOs across corporations around the world shows that 77 percent of CIOs said their organization has no interest in the technology and/or no action planned to investigate or develop it.

Gartner: Blockchain Technology Has Been “Massively Hyped”
Gartner.com

Gartner’s vice president David Furlonger thinks that survey’s results show blockchain employment is overhyped.

"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," – he said.

He also warned against rushing into deployments, as it could lead to “significant problems of failed innovation, wasted investment, rash decisions and even rejection of a game-changing technology”.

The survey also refers to a search for qualified blockchain engineers. Among the 293 CIOs that plan to invest in blockchain, 23 percent said it required the most new skills to implement of any technology area. 18 percent said blockchain skills are the most difficult to find. A further 14 percent indicated that blockchain required the greatest change in the culture of the IT department, and 13 percent believed that the structure of the IT department had to change in order to implement blockchain.

Mr. Furlonger added that qualified engineers “may be cautious due to the historically libertarian and maverick nature of the blockchain developer community."

By Ekaterina Ulyanova

Source: Gartner

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