THERE is quite a bit of excitement in the marketplace about blockchain based solutions. Whether you speak to specialists in insurance, trade finance, payments, audit, supply chain, medicine, or even hotel chains, blockchain has applications in every industry, and in most cases, these solutions have already been conceptualized and tested in isolated instances.
At this stage, you’d think blockchain technology is at some sort of a tipping point, and in a few months, it’ll be part of every industry around you. However, Gartner disagrees.
According to a new survey, only 1 percent of CIOs indicated any kind of blockchain adoption within their organizations, and only 8 percent of CIOs were in short-term planning or active experimentation with blockchain.
Furthermore, 77 percent of CIOs surveyed said their organization has no interest in the technology and/or no action planned to investigate or develop it.