80% of Blockchain projects will not meet expectations

The leading consulting and research firm Forrester brings some very interesting predictions to investors for next year, with Blockchain as a standout.

It gives a very objective report, without the euphoria of crypto-phantasies and also without the skepticism and bias characteristic of the detractors of cryptocurrencies. 2018 says, it's going to be a very interesting year for cryptocurrencies, but it still has a long adoption curve, it's still a very young technology

He also comments that 80% of Blockchain projects will fail. This is also something that anyone who is not a blind fan knows, 80% of the cryptocurrencies that are listed in coinmarketcap today will not pass the year 2018 ...

Our recommendation is to wait for that massive adoption, which can start in 2 to 5 years, but this report that Forrester brings is definitely good news for investors in cryptocurrencies.

With less than two months left until 2018, the leading consulting and research firm Forrester has published a new report that identifies the main dynamics that will shape the next year.

"2018 will be a year of settling scores and will force many companies to take decisive action," said Cliff Condon, director of research and product at Forrester.

"While the economy continues to grow and employment is healthy, the fate of companies has never been so uncertain. The window of opportunity for bold action is beginning to close and executives must move from incremental approaches and make radical changes tailored to a customer and a disruptive market. "

The report names blockchain technology as one of the main dynamics, which also includes artificial intelligence, digital transformation and open banking, among others. According to Forrester, the blockchain technology promises to be the basis of a platform and bold ecosystem strategies while protecting against the increase of cybersecurity threats.

"And that extraordinary promise is, in part, the problem. The exuberance of blockchain hampered progress in 2017, "the report states.

To that end, he listed the main obstacles: the exaggeration around technology; "Tests" that offer disappointing results in the face of high expectations; and the application of blockchain approaches to problems that could have been solved with existing technologies.

"Eighty percent of the projects will not meet expectations," Forrester said. "In 2018, the combination of rhetoric and enthusiasm will continue to limit the profits of the block chain. However, 30% of the concept tests will accelerate Blockchain for those companies that may consider their operational impact.