In theory, a blockchain is an open, distributed ledger technology that can record transactions between two parties efficiently, in a verifiable and permanent way. That said, there is still some confusion in the marketplace for blockchain-related products and services that apply this emerging technology. By 2021, 90 percent of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to the latest worldwide market study by Gartner. Blockchain Application Market Development "Blockchain platforms are emerging platforms and, at this point, nearly indistinguishable in some cases from core blockchain technology," said Adrian Lee, senior research director at Gartner . According to the Gartner assessment, many CIOs overestimate the capabilities and short-term benefits of blockchain as a technology to help them achieve their business goals, thus creating unrealistic expectati...
TMT Market Research and Analysis