Report: Companies Dropping The Term Blockchain Due to Hype Around Technology
November 08, 2018 12:53 AM Discuss A recent report by Forrester Research found that companies are stopping to use the word blockchain in favor of DLT, as they feel the word is overhyped. The hype around blockchain technology has caused some companies to stop using the word blockchain in favor of DLT, according to a recent report A new report from Forrester Research states that some companies are stopping to use the term blockchain because they think it is overhyped, business magazine Fortune reported Nov. 6. In the report dubbed Predictions 2019: Distributed Ledger Technology, analysts purportedly found that companies have started to withdraw blockchain in favor of distributed ledger technology (DLT). The study reportedly found that many firms are overhyping the usefulness of blockchain or using the name of the technology to repackage existing services, a practice the report describes as blockchain washing.
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