Why large companies refuse to blockchain

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For most companies the blockchain continues to be something exotic. A study conducted by the consulting company Gartner, showed that only 1% of IT Directors said that blackany use in their activities, and 8% say that they plan to implement them in the near future or conduct tests in this area. Almost 80% of IT Directors said that they did not feel the slightest interest in this technology.

“No more delays”

Many companies have previously stated their plans to use blockchain, changed their position. Now the largest operator of the Australian stock exchange ASX expects their settlement and clearing system based on the blockchain will appear not earlier than the end of 2020. Two years ago this company was going to launch the commercial blockchain-based platform within 18 months. The exchange stated that “there were no delays”, as until recently the company did not announced exact date of launch of the project.

Australian mining giant BHP Billiton announced in 2016, in the beginning of the 201st will implement a blockchain to track samples and borehole fluid. But, by words a press-the Secretary of the company Judy Dain “at the moment the company is not working on any projects or challenges bloccano”.

However, organizations that support the development of the blockchain technology, I believe that next year the situation may change for the better.

“We are not talking about rapid growth, says Ron Resnick, Executive Director of the Enterprise group, Ethereum Alliance, which includes about 600 companies, including Cisco Systems, Intel and JPMorgan Chase. — I don’t expect it will happen this year. While all test the waters”.

In search of standards

All of these delays are one important reason: most providers do not offer compatible blockchains. Companies are afraid that will be tied to one provider, and the Enterprise group Ethereum Alliance (EEA) hopes to solve this problem by establishing common standards.

According to Resnick, in mid-2019, his organization will launch a program of certification tests for the software based on the blockchain. Competing with EEA consortium Hyperledger, representing the interests of companies such as IBM, Airbus SE and American Express is going to connect their software based on the blockchain to popular platform Kubernetes.

Most blockchains are not yet able to cope with a large volume of transactions, and therefore not suitable for large corporations. Their application is very limited, and most successful blockchain projects — those on which he worked for several companies. But when these companies are forced to share the same blockchain, they may have difficulty deciding what technology to use.

Many people are simply afraid to become pioneers in this field and the first to fill the cones.

“Everyone is waiting for that first failed the other, no one wants to become a “Guinea pig”, — says the Executive Director Hyperledger Brian Behlendorf. — That’s how the world of enterprise software”.

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