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‘Road to blockchain adoption still rocky’

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Only one per cent of Chief Information Officers (CIOs) indicated any kind of blockchain adoption within their companies, and only eight per cent of CIOs were in short-term planning or active experimentation with blockchain, according to a survey from research and advisory firm Gartner.

 

Furthermore, 77 per cent of CIOs surveyed in Gartner’s 2018 CIO Survey said their organization has no interest in the technology and/or no action planned to investigate or develop it.

 

“This year’s Gartner CIO Survey provides factual evidence about the massively hyped state of blockchain adoption and deployment,” said David Furlonger, vice president and Gartner Fellow. “It is critical to understand what blockchain is and what it is capable of today, compared to how it will transform companies, industries and society tomorrow.”

 

Furlonger added that rushing into blockchain deployments could lead organizations to significant problems of failed innovation, wasted investment, rash decisions and even rejection of a game-changing technology.

 

Among 293 CIOs of organizations that are in short-term planning or have already invested in blockchain initiatives, 23 per cent of CIOs said that blockchain requires the most new skills to implement of any technology area, while 18 per cent said that blockchain skills are the most difficult to find. A further 14 per cent indicated that blockchain requires the greatest change in the culture of the IT department, and 13 per cent believed that the structure of the IT department had to change in order to implement blockchain.

 

“The challenge for CIOs is not just finding and retaining qualified engineers, but finding enough to accommodate growth in resources as blockchain developments grow,” said Furlonger.

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