"The visionaries will forge ahead; those hoping for immediate industry and process transformation will give up." This was the opening sentence of my blog post accompanying Forrester's DLT/blockchain predictions for 2018.
I'm repeating it here, because it'll continue to hold true for 2019 -- with one proviso: There's a real risk that we'll experience the beginning of a "blockchain winter," as the continued absence of miracles and revolutionary developments leads decision makers to throw out the proverbial baby with the bath water and stop distributed-ledger-technology-related investments completely. While this wouldn't have a major immediate impact on innovation in the wider ecosystem of public blockchains and ambitious startups, it would be a serious setback for the development of enterprise-grade solutions and networks.
The pruning of projects that we predicted for 2018 has taken place and continues. We've also seen initiatives go live that deliver immediate benefit as well as laying the foundation for potential process redesign. When it comes to more transformational potential, the visionaries will continue on their path. While we won't see any breakthrough deployments in 2019, the tokenization of digital and physical assets will be one of the key areas of innovation.
--By Martha Bennett, principal analyst
Download Forrester's complimentary predictions 2019 guide to understand why 2019 will be the year that transformation goes pragmatic.
This post originally appeared here.
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