“Blockchain “tourism” is giving way to serious projects, and standards groups are tackling key pain points. Here’s what IT and business leaders should watch for in 2020.
If you’re looking for a one-word summary of corporate blockchain efforts in 2019, try “experimentation.” The hype is subsiding and more businesses are actively trying to figure out how they can actually use the technology to their benefit.
“2019 has continued what 2018 started – enterprises experimenting,” says George Spasov, blockchain architect and co-founder at LimeChain. “The finger-dipping exercises of the last year have encouraged further experimentation this year, while dragging along new experimenters.”
Trading in hype for tangible results is always good news from an IT leadership perspective. But Spasov has some “bad” news, too: These experiments have struggled to move from proof-of-concept to production. It’s not actually that grim a report, though, because the challenge isn’t a lack of viable use cases. Rather, it’s a largely technical issue, and that is easier to solve.”
The article: Blockchain in 2020: 5 trends to watch