{"id":199612,"date":"2017-09-19T13:47:51","date_gmt":"2017-09-19T11:47:51","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=199612"},"modified":"2017-09-19T13:47:51","modified_gmt":"2017-09-19T11:47:51","slug":"bitcoin-may-fall-but-blockchain-will-evolve-beyond-finance-gartner","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/199612\/bitcoin-may-fall-but-blockchain-will-evolve-beyond-finance-gartner\/","title":{"rendered":"Bitcoin may fall, but blockchain will evolve beyond finance: Gartner"},"content":{"rendered":"<p>T<span class=\"st\">echnology research group Gartner says that blockchain, the software platform for digital assets, is still a very immature and largely untested technology that will continue to evolve beyond cryptocurrencies.<br \/>\n<\/span><\/p>\n<p>Speaking at the annual Gartner Symposium\/ITxpo in Cape Town on Tuesday, Peter Sondergaard, executive VP: research at Gartner said that while cryptocurrencies like Bitcoin may or may not fall, the underlying blockchain technology will continue to evolve beyond the financial sector.<\/p>\n<p>Blockchain technology is taking the world by storm due to the recent interest generated around cryptocurrencies including Bitcoin.<\/p>\n<p><span class=\"st\">Nick Jones, a VP and Gartner analyst said that blockchain today is still a very immature technology, adding that as it matures, he expects it to have a major impact on the Internet of Things (IoT).<br \/>\n<\/span><\/p>\n<p>He said that the two platforms have many overlapping ecosystems &#8211; most notably that participants need a trusted point for digital distribution: secure information exchange.<\/p>\n<p>However, he warned that blockchain &#8220;is amazingly immature that this point in time,&#8221; warning that this creates many risks.<\/p>\n<p>&#8220;New variants of blockchain will emerge, none have been seriously tested because they have not been around for a long period of time,&#8221; Jones said, adding that crypto technology will be &#8216;crackable&#8217; in the future.<\/p>\n<p>As such, he said that companies should consider using the technology for &#8216;short lived&#8217; applications, and not long term ones.<\/p>\n<hr \/>\n<p><span class=\"st\"><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/finance\/194050\/bitcoin-and-other-cryptocurrencies-are-still-too-risky-reserve-bank\/\" target=\"_blank\" rel=\"noopener\">Bitcoin and other cryptocurrencies are still too risky \u2013 Reserve Bank<\/a><\/strong><wbr \/> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technology research group Gartner says that blockchain, the software platform for digital assets, is still a very immature and largely untested technology that will continue to evolve.<\/p>\n","protected":false},"author":9,"featured_media":197710,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-199612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/199612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=199612"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/199612\/revisions"}],"predecessor-version":[{"id":199682,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/199612\/revisions\/199682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/197710"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=199612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=199612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=199612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}