Is the Idea of Blockchain Too Beautiful to Succeed?

B. Shimmin

Summary Bullets:

• If blockchain is such a good idea, why hasn’t the enterprise IT industry already put it to work at scale?

• As it turns out, the reasons behind blockchain’s slow rate of adoption are as complex and multifaceted as blockchain itself.

Blockchain has been in the news recently with a number of notable players announcing the creation of advantageous partnerships, industry-savvy consortiums, and operationalized use cases. In just the last two days, systems integration powerhouse Accenture announced an innovative mechanism to connect disparate blockchain platforms, while IBM together with Telefónica announced a joint effort to use blockchain to streamline international call routing operations. Both investment and positive speculation remain at an all-time high for blockchain.