With all of the recent talk about hackers targeting U.S. election systems and
blockchain hype cycle in full effect, this seems like a natural story to appear.
We are at the very crest of
the blockchain hype cycle where there is a lot of sizzle, little steak and the occasional setback or indictments.
Not exact matches
Ludwin: So I think the primary reason around the
hype for
blockchain is it's just a part of the
hype cycle we're in.
While human augmentation is just at the beginning of the innovation trigger phase of the
Hype Cycle, complementary emerging technologies such as machine learning,
blockchain, drones (commercial UAVs), software - defined security and brain - computer interfaces have moved significantly along the
Hype Cycle since 2016.
However, as Finextra points out, the
hype cycle is calming down as bankers and financial institutions come to recognize that
blockchain is best applied to use cases such as cross-border payments, where the risk of relying on outdated technology outweighs hesitance to try a new solution.
According to a recent Gartner report,
Blockchain distributed ledger technology has reached the peak of its
hype cycle and remains at the peak of inflated expectations.
According to Gartner,
blockchain is at the top of the «
Hype Cycle» for an emerging technology.
Gartner asserts
blockchain technology is now experiencing the exponential uptick in the
hype cycle.
It is incumbent on all
blockchain enthusiasts to minimize both the upside and downside of the
hype cycle and reach the sustainability of solutions more rapidly with less chaos, over-promising and under - delivering.
In regards to the end of 2018, I think we will see a correction reflection of corporate reaction to
blockchain adoption, where frustration will be seen about the lack of revenue generation to repay the corporate investment in the space (associated with the Gartner
hype cycle as we head into the valley of disillusionment).
«While the Bitcoin
hype cycle has gone quiet, Silicon Valley and Wall Street are betting that the underlying technology behind it, the
Blockchain, can change... well everything.»