News Snippets

Forecast shows supply chain industry feeling blockchain fatigue

Although many experts believe that blockchain will make the biggest splash in the supply chain space because it offers new and interesting opportunities to all kinds of organisations in the space, it seems less and less likely that businesses in the financial services space will take the cake when it comes to pioneering large-scale blockchain applications.

A new forecast by Gartner says that supply chain leaders are failing to find suitable use cases. By 2023, the think tank estimates that 90 per cent of blockchain-based supply chain initiatives will suffer ‘blockchain fatigue’ due to a lack of strong use cases.

The supply chain technology survey of user wants and needs found that only 19 per cent of respondents ranked blockchain as a very important technology for their business, and only 9 per cent invested in it.

Previous ArticleNext Article