Only 1 percent of CIOs indicate their organizations have deployed or invested in blockchain technologies, according to a Gartner survey.
For the survey, the IT research and advisory firm asked 3,138 CIOs across a range of industries about their plans for blockchain adoption. Gartner found CIOs from organizations in the financial services, insurance and telecommunications industries were most actively involved in blockchain planning and experimentation.
A blockchain record is a permanent and shared ledger of online transactions or exchanges. Unlike a traditional database that is centrally located and maintained by one party, a blockchain record is shared among a network of users.
The plurality of CIOs — 43 percent — agreed that although blockchain was on their radar, they had no plans to develop it, while 34 percent reported they had no interest in the technology. Of the CIOs who had invested in blockchain, 23 percent said blockchain required the most new skills to implement of any technology.
"This year's Gartner CIO Survey provides factual evidence about the massively hyped state of blockchain adoption and deployment," David Furlonger, vice president and Gartner Fellow, said in a May 3 statement.