Gartner Research

Blockchain Will Prove to Be a Risky Route for Payment Systems

Published: 12 October 2016

ID: G00310735

Analyst(s): Christophe Uzureau , Alistair Newton

Summary

Using blockchain or associated distributed ledger technology to help innovate at the margins of the payment space should be encouraged. However, bank CIOs must not use it to build systemically important domestic bulk payment systems for at least five years until the technology has greatly matured.

Table Of Contents

Analysis

  • Blockchain Integration Risk
  • Imperative Fundamentals
  • Future Potential in the Payment Space
  • Decision-Making Challenges

Gartner Recommended Reading

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.