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Blockchain: Top 4 challenges CIOs face – CTOvision

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Blockchain had been heralded as the next gen technology but its hype is fading. Alison DeNisco Rayome takes a look at the reasons why blockchain implementation presents a challege to the CIOs on Tech Republic :

By 2023, blockchain technologies are poised to support the global movement of $2 trillion worth of goods and services annually, according to Gartner research. But many companies are still struggling to figure out how they can successfully use the distributed ledger technology. Now that the hype has faded, the blockchain market is settling into a nice groove, said Avivah Litan, vice president and distinguished analyst at Gartner. “It’s not a big revolution—it’s a gradual evolution with incremental improvement,” Litan said. “But there are some good, solid use cases where blockchain is being used as a shared single version of the truth, for audit trains, record keeping, and asset tracking.”

Read his full article here.

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