Greenwich: Blockchain Projects Will Move to 'Production' in 2017
Market intelligence firm Greenwich Associates is betting the blockchain hype bubble won't burst in 2017.
Blockchain projects will move from proof-of-concept to production this year, according to a new report from market intelligence firm Greenwich Associates.
, the research note offers 10 market structure trends for 2017 and lists its expectations for the blockchain industry in its final slot. Author Kevin McPartland reasons that, while many in the industry had said blockchain is overhyped, he believes there might not be enough evidence to make this claim.
"Our blockchain research was the most-read by our capital markets clients in 2016. In 2017, we'll finally start to see the rubber meet the road, with talk converting to real implementations," McPartland wrote.
McPartland went on to advise readers not to "discount" the value of digital currency.
He added: "The ability to transfer value around the world with no middleman continues to have the biggest appeal."
Overall, the research is the latest from the Connecticut-based firm, which earlier in 2016 forecast capital markets spending on blockchain would reach $1bn last year.
Business discussion via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.