Majority of Businesses Have No Plans for Blockchain, Gartner Finds

A new survey from research and advisory firm Gartner suggests that organizations are largely apathetic toward blockchain integration.

According to the results of the research, which queried chief information officers about their corporate attitudes on the technology, only 1 percent of CIOs indicated any kind of blockchain adoption within their organizations.

Just 8 percent said they were experimenting with blockchain with plans for short-term integration.

According to Gartner VP David Furlonger, the survey provides evidence on the "Massively hyped state of blockchain adoption and deployment."

Twenty-three percent, among 293 that are in short-term planning, see blockchain demanding new skills, while 18 percent said that blockchain skills are "Difficult to find," a release states.

Elsewhere, Furlonger said organizations could face wasted investment, or rejection of a technology, when they rush into blockchain deployments.

Blockchain requires understanding of fundamentals of its process, security law, value exchange, decentralized governance, he said.

"While many industries indicate an initial interest in blockchain initiatives, it remains to be seen whether they will accept decentralized, distributed, tokenized networks, or stall as they try to introduce blockchain into legacy value streams and systems."

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