Blockchain Enters ‘Trough of Disillusionment’ on Gartner’s Hype Scale
Interest in blockchain technology is waning, research firm Gartner said in its latest “Hype Cycle for Emerging Technologies” report. Gartner included blockchain, along with four other emerging technologies, as one of five trends that can blur the lines between humans and machines, according to a news release on August 20. Blockchain technology is at the edge of the “trough of disillusionment” phase in the cycle, though it predicts that the technology may reach the “plateau of productivity” within the next decade. The “trough of disillusionment” means that “interest [in the technology] wanes as experiments and implementations fail to deliver. Producers of the technology shake out or fail. Investments continue only if the surviving providers improve their products to the satisfaction of early adopters,” as explained on Gartner’s website. Mike Walker, research vice president at Gartner, said in a news release that “digitalized ecosystem technologies are making their way to the Hype
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