Gartner Research

Common Mistakes to Avoid in Enterprise Blockchain Projects

Published: 15 May 2019

ID: G00388270

Analyst(s): Adrian Leow

Summary

Blockchain technology is sliding into the Trough of Disillusionment in Gartner’s Hype Cycle. To mitigate any negative impact and plan for future viability with this nascent technology, CIOs need to be aware of misconceptions that can lead to disappointment and failure in blockchain projects.

Table Of Contents
  • 1. Misunderstanding or Misusing Blockchain Technology
  • 2. Assuming That Current Technology Is Ready for Production Use
  • 3. Confusing a Limited, Foundation-Level Protocol With a Complete Business Solution
  • 4. Viewing Blockchain Technology Purely as a Database or Storage Mechanism
  • 5. Assuming Interoperability Standards Between Blockchain Platforms Exist s
  • 6. Assuming That Smart Contract Technology Is a Solved Problem
  • 7. Ignoring Governance Issues for a Peer-to-Peer Distributed Network

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