Gartner sees blockchain as ‘transformational’ across industries – in 5 to 10 years

CIOs have to continue to educate execs and senior leaders about blockchain opportunities and challenges and continue to develop proofs of concept to test its business worthiness, the research firm says.

Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least, expects the distributed ledger technology to transform the ways businesses operate in most industries within five to 10 years.

Right now, however, blockchain for most industries remains mired between inflated industry expectations and general disillusionment with regard to how it can improve business processes, according Gartner’s latest “Hype Cycle” report.

The report includes a survey of CIOs on how they perceive blockchain technology.

“Even though they are still uncertain...