Report: Companies Dropping The Term ‘Blockchain’ Due to Hype Around Technology
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.
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.”
The report also uses the term “blockchain washing” to refer to when “networks that are live or under development vary greatly and frequently lack key…
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