90% of U.S. Firms Dismissed Too Farfetched To Be Operational by Forrester

BTC Wires: As per a study conducted by Forrester Research, about 90 percent of U.S. enterprises that are trying to do something on the blockchain ecosystem will plummet and will be discontinued. This study by Forrester was brought to light in an article by Bloomberg on July 31.

Forrester’s market research claims that most American companies that have initiated to launch blockchain based projects will be terminated by 2018. To provide a specific figure, Forrester’s approximation covers that 90 percent of American companies will never be able to begin or implement their blockchain plans or be “a part of the company’s operation.”

The research company also denoted that numerous organisations and companies which have been trying to make use of the widely popular distributed ledger technology now have their faith trembling in the technology. Speculations are that this will have tremendous after-effects for the blockchain community. As a matter of fact, this is not the first time when Forrester has speculate a cumbersome future for blockchain technology in America’s corporate sector.

Way back in 2017, Forrester had made another prediction for blockchain that has lived up to its mark so far. In an article titled, “Prediction 2018: The Blockchain Revolution Will Have To Wait A Little Longer, Forrester has maintained that 2018 will be blockchain’s year of reckoning. Ron Resnick, Ethereum Enterprise Alliance’s (EEA) first executive director has remarked that there is still some decent potential in blockchain technology, as reported by Bloomberg. It also said that that companies are still functioning on a hit and trial basis with regards to blockchain, and that 2019 will be a promising year for the technology.

Joining the string of comments is one coming from the Executive Director of Hyperledger Brian Behlendorf, who believes that the revolution that blockchain carries will hardly be introduced by tech giants like Facebook and Google since these have “a blind spot when it comes to blockchain”.

Another interesting anecdote on the matter comes from an executive at the Wall Street, Mike Novogratz, who hold that there’s about five to six years before blockchain can actually talk about mass adoption.