New Study Says 90% of Blockchain Projects Will Fail
A new study by Forrester Research suggest that 90% of blockchain initiatives currently active in the US will ultimately be abandoned.
The grim prediction from the research firm also said that have been trying to implement distributed ledger technology (DLT) in their businesses are now scaling back.
However, Forrester also said that companies with a deep understanding of the technology and its transformational potential are likely to persist. Bloomberg’s Ron Resnick also said that blockchain development will experience an uptick in 2019, while Hyperledger’s Brian Behlendorf says that the next wave of blockchain apps will not come from tech giants such as Google or Facebook, as these companies have a blind spot when it comes to the technology.