Anyone that read Mercator’s Strategic Framework for Evaluating Blockchains could have predicted this delay 6 months ago, but now “several hundred financial leaders from a range of startups and corporations” agree according to Coindesk:
“The audience was asked during both events, when a ‘production ready’ distributed ledger solution would be adopted by the industry. Notably, the attendees – consisting of several hundred financial leaders from a range of startups and corporations – dramatically changed their votes on the question.
At the 2016 symposium, the lion’s share of votes (32%) indicated that the audience thought mainstream adoption would happen within six months to a year. At yesterday’s event, however, only 3.9% of the audience cast a vote for the same time frame, a decrease of 28.1 %.
By comparison, the most frequently selected time frame at yesterday’s event showed 44% of the audience saying mainstream adoption would occur within 3–4 years, followed closely by a 1–2 year interval, which took 39.5% of the vote.
Further, in 2016, the slice of the DTCC audience that believed mainstream adoption would occur during a particular time frame decreased the further out the prediction went, with the least number of respondents (just 10%) predicting it would take more than six years.”
Note that these predictions are for broad deployment of any type of production blockchain which means full scale deployment of a blockchain in a regulated market is even further away.
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group
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