Summit 2017
4 – 6 December 2017 / Las Vegas, NV
Quantified Self
time
Years to mainstream adoption: obsolete
less than 2 years 2 to 5 years 5 to 10 years more than 10 years before plateau
Ref: From "Hype Cycle for Blockchain Business, 2017," 10 August 2017 (G00332628)
1 © 2017 Gartner, Inc. and/or its affiliates. All rights reserved.
Blockchain — Still at Mega Hype?
expectations
ICO Initial Coin Offering
Blockchain (in China)
Blockchain in Government
Distributed Ledgers
Blockchain in Banking and Investment Services
Internet of Things
API Economy
Blockchain
Quantified Self
time
Years to mainstream adoption: obsolete
less than 2 years 2 to 5 years 5 to 10 years more than 10 years before plateau
Ref: From "Hype Cycle for Blockchain Business, 2017," 10 August 2017 (G00332628)
2 © 2017 Gartner, Inc. and/or its affiliates. All rights reserved.
Key Issues
Source: https://coinmarketcap.com/currencies/bitcoin
7 © 2017 Gartner, Inc. and/or its affiliates. All rights reserved.
Versus Tulip Market, C17th
5Q 18
(10 )
<3.3 TPS hashes
80%
in practice processed of mining is
per sec by 4 miners
Hard
forks!
Segwit2X, Bitcoin
Cash, Bitcoin Gold …
10 © 2017 Gartner, Inc. and/or its affiliates. All rights reserved.
"Blockchain Fever" Continues
$176 B
Est. business-value-add
of blockchain by 2025
History of
events/transactions
represented
across blocks
Cryptographically linked,
Decentralized
time-based,
consensus blocks of records
Previous blocks mechanism
cannot be altered
without rewriting all
subsequent blocks Distributed Ledger
Blockchain
Distributed P2P Network
Professional Services
Smart Contracts
Financial Services
Boutique Services
Distributed Ledgers
Browser App
Transactions
Key Generation
Networking/JSON-RPC
Server
Core Ethereum Blockchain
Browser App
Transactions
Networking/JSON-RPC
Server
Core Ethereum Blockchain
Browser App
Transactions
Networking/JSON-RPC
Server
R3 Corda Core Ethereum Blockchain
By 2025,
FIVE distributed ledgers
will be "mainstream"
commerce platform enablers.
Improve Trust
Immutable Records
System Change
Virtual asset creation/distribution
duplication management
No central point
Efficiency gains Security and privacy Operational risk
of failure
Traceability Immutability
Technology Implementation Integration
of records of records
Benefits Costs
Through 2018,
85% of blockchain-named projects
will deliver business value
WITHOUT using a blockchain.
Bitcoin
Blockchain
ICO
Ref: From "Hype Cycle for Blockchain Business, 2017," 10 August 2017 (G00332628)
28 © 2017 Gartner, Inc. and/or its affiliates. All rights reserved.
Recommendations
Improve Trust
Immutable Records