Research company Gartner has predicted that as much as 90% of current enterprise blockchain implementations will fail by 2021 due to a fragmented market and "unrealistic expectations," ITPro writes.
“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. “Many CIOs overestimate the capabilities and short-term benefits of blockchain as a technology to help them achieve their business goals."
Currently, he noted, the blockchain market consists of fragmented systems, with service-providers overlapping in their offering. This is set to worsen as the technology develops, with Gartner warning that existing versions will need replacing to ensure organisations remain cooperative and secure.
However, Gartner also predicts that blockchain technology which works will add ever more business-value over the next decade. It estimates its value will more than soar from $176 billion in 2025 to $3.1 trillion by 2030.