Nobody invests in blockchain

in #blockchain6 years ago

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According to research carried out by Gartner, less than 1% of CIOs from around the world have invested in or implemented in their organizations any solution based on block chains.

The survey conducted among 3138 IT directors showed that the technology of distributed registers is practically non-existent, although 8% of respondents said that in their organizations it is at the stage of "pilot implementation". Over one third of respondents stated that they are not interested in this technology at all, and 43% say that they "look at it but do not plan any action".

"There has been a lot of buzz around blockchain technology in recent months," explains Gartner's analyst David Furlonger. At the same time, he warns: "The haste in the implementation can lead to serious problems related to unsuccessful innovation, wasted investment, hasty decisions, and even rejection of breakthrough technology."

Despite the huge uproar, during which the quotations of listed companies announcing projects based on block chains soared up sharply, for most companies this technology remains a solution in the search for a problem. "Although many industries show initial interest in blockchain initiatives, it will only take some time to see whether they accept decentralized, distributed, anonymized networks, or stall, trying to apply block chains to existing value streams and systems," says David Furlonger.

Blockchain in companies - challenges for IT
Of the 293 IT directors who have already invested in blockchain or are planning to do so soon, almost a quarter have said that it requires "the most from new skills related to implementations among all technology areas". About 18% of respondents said that the most difficult was to find people with knowledge about block chains, 14% indicated that blockchain required "the largest change in culture" of the IT department, and 13% thought that it was necessary to change the structure of the department to implement this technology. IT.

"The challenge for CIO is not only to find and retain qualified engineers, but also to provide such a team to adapt to the growth of resources as the block networks develop. Meanwhile, skilled engineers can be resistant due to the historically libertarian and individual nature of the blockchain developer community, "says David Furlonger. "This technology basically requires knowledge of security, law, value exchange, decentralized management, processing and trade architectures. This means, therefore, that traditional business lines and organizational silos can no longer function within their historical structures. "

The study showed that the highest probability of involvement in planning and experiments related to blockchain technology is characteristic for the telecommunications, insurance and financial services industry. The transport, state administration and public utilities sectors were among the most interested in future pilot projects.

The Gartner study confirms the conclusions of the CSIRO Data61 group report, according to which real applications of block chains are still in their infancy. "It is expected that new enterprises and business models will be created, but so far there are very few examples of significant use of blockchain systems in industry or government administration," says Data61.

Scattered registers at KDPW
Blockchain, despite its huge potential, still remains on the sidelines of technological changes in Polish enterprises and public units. This does not mean, however, that nothing is happening in this topic.

Example? The National Depository for Securities (KDPW), a state-owned company responsible for the operation and supervision of the depository-settlement system of financial instruments in Poland, is responsible for a pilot project whose technological basis is a block of blocks. The KDPW management recognized that the blockchain can be successfully used to conduct correspondence votes at the general shareholders' meetings of joint-stock companies (eVoting).