According to Gartner Group, blockchain technology has entered the “Trough of Disillusionment.” Kind of sounds bad doesn’t it? Just as we’re getting our minds around how blockchain can be used for other business applications than cryptocurrency, the technology hits the trough.
Gartner’s Hype Cycle defines the Trough of Disillusionment as the point at which “interest wanes as experiments and implementations fail to deliver. Producers of the technology shake out or fail. Investments continue only if the surviving providers improve their products to the satisfaction of early adopters.”