The hype around blockchain technology has resulted in something of a “blockchain imperative”, causing many enterprises to undertake ambitious projects in a bid to capitalize on the “next big thing.”
However, despite widespread coverage in the business and technology media, blockchain technology remains the subject of much confusion. This confusion has led many enterprises to launch misconceived blockchain projects that are likely to fail. In fact, Gartner predicts that 90 percent of the enterprise blockchain projects launched in 2016 and the first half of 2017 will meet a premature end within 24 months.
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