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Worldwide blockchain adoption still in nascent stage, says Gartner survey

May 04, 2018
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According to the ‘2018 CIO Survey’ by Gartner, worldwide blockchain implementation is still in its nascent stage. The survey revealed that only one per cent of chief information officers (CIO) indicated any kind of blockchain adoption within their organisations. Additionally, only eight per cent of CIOs were in short-term planning or active experimentation with blockchain.

According to Gartner, it is critical for organisations to understand the blockchain technology and its current and potential capabilities. Rushing into blockchain deployments could lead organisations to significant problems of failed innovation, wasted investment, rash decisions and even rejection of a game-changing technology.

From an industry point of view, CIOs from telecom, insurance and financial services indicated being more actively involved in blockchain planning and experimentation than CIOs from other industries. While financial services and insurance companies are at the forefront of this activity, the transportation, government and utilities sectors are now becoming more engaged due to the heavy focus on process efficiency, supply chain and logistics opportunities.

Gartner has gathered data from more than 3,000 CIO respondents in 98 countries and all major industries. Further, around 77 per cent of CIOs surveyed said their organisations had no interest in the technology weren’t planning on investigating or developing it.

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