Is the blockchain hype over?

Unless you have been living in a cave for the last couple of years, you will have heard about the technological hype of the moment, the blockchain! This technology is set to revolutionise every single industry under the sun, and will disrupt the way in which we do businesses, interact with each other, and communicate with data. Or will it? While I have been rather vocal about my Bitcoin scepticism, I thought that the were some interesting ideas about the blockchain, the underlying technology behind cryptocurrencies. My thinking was, and this was shared by many others, that even if Bitcoin failed, the blockchain technology would remain and become an important contribution to the way in which online transactions are made. But I have to admit that in the last few months even that optimistic feeling about the blockchain has started to dissipate. It seems like I am not alone, and already Gartner has placed the blockchain in the trough of disillusionment in their 2017 hype cycle. …

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