Cryptocurrencies
Blockchain, Once Seen as a Corporate Cure-All, Suffers Slowdown
- Many companies will halt their blockchain tests this year
- The pullback could hurt IBM and Microsoft, analyst says
This article is for subscribers only.
Corporate America’s love affair with all things blockchain may be cooling.
A number of software projects based on the distributed ledger technology will be wound down this year, according to Forrester Research Inc. And some companies pushing ahead with pilot tests are scaling back their ambitions and timelines. In 90 percent of cases, the experiments will never become part of a company’s operations, the firm estimates.