Recently, Bitcoin.com reported on the 2016 Gartner Hype Cycle, which placed blockchain technology at the “Peak of Inflated Expectations.” Now, a senior official from Gartner suggested that distributed ledger technology is “over-hyped.”
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Gartner Executive Peter Sondergaard Says ‘Blockchain Technology Is ‘Over-Hyped Right Now’
Gartner’s senior VP for technology Peter Sondergaard recently chatted with news outlet Fin24 about blockchain technology. The executive gave his opinion concerning the financial tech industry’s current focus on distributed ledgers the underlying technology behind Bitcoin.
A lot of legacy finance institutions and banks have been researching and developing blockchains to enhance their business operations. These companies believe blockchain technology can increase settlement times, verify payments, and completely transform global trading markets. However, even though there is strong interest coming from many entities, Gartner associates believe