Trends Report

Blockchain In 2020: A CIO's Guide To The 10 Most Prevalent Myths

To Use Distributed Ledger Technology Successfully, Avoid These Key Misconceptions

April 24th, 2020
Martha Bennett, VP, Principal Analyst
Martha Bennett VP, Principal Analyst
With contributors:
Laura Koetzle , Elitsa Kortenska , Anna Vyshnevska , Shayna Neuburg

Summary

Distributed ledger technology (DLT, AKA blockchain) is maturing. Yet more initiatives will move beyond the pilot phase in 2020, and the technology will continue to evolve. Overall, pragmatism and realism have set in with regard to use case selection and benefits realization. That said, a number of myths and misconceptions still give rise to unrealistic expectations. In this report, we expose those myths to help technology leaders avoid the associated pitfalls. This report is an expanded and updated version of the 2018 report "Blockchain Technology: A CIO's Guide To The Six Most Common Myths."

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