Through my journey as a MIS major, blockchain was always the buzzword. The article, CIOS, You’re Doing Blockchain Wrong, explains that IT leaders implement blockchain to their organization(s) but do not use it to its full advantage or purpose. A survey, published by Gartner, emphasizes that CIOs use blockchain for shared record keeping and asset racing. Blockchain is not solely used as a decentralized ledger, which was the original concept of blockchain. Avivah Litan, Gartner vice president, highlights, “That no one is using those innovative features calls into question why they’re using blockchain. Just go use a database. . . But, the reason they’re using blockchain is for the distributed ledger technology.” Litan also summarizes that because the technology does not meet the business expectations, dissatisfaction spreads to IT leaders. Also, there is a misalignment of real-world requirements to enterprise projects as a result. CIOS, You’re Doing Blockchain Wrong concludes through the mention that blockchain is still not yet mature enough to fulfill all enterprise use cases.
I agree with you that Blockchain comes off as a buzzword in the industry. Seems almost as if every trendy tech related article finds some way to work that in. But I can see blockchain becoming part of critical business functions. As we all develop an understanding of the tech and see examples of implementations it will only get better. The CIOs who are implementing blockchain but not fully utilizing the tech, or not properly implementing it are still critical in pushing this to become more mainstream, and having it be as powerful as it claims to be. I am genuinely interested in seeing how blockchain permeates its way into the general business world and moves away from being primarily known as the tech behind cryptocurrency.