1.2 Evolution of Blockchain Technology and

Hype

Blockchain is already a decade old, and hence, for the people who

look for opportunities with this technology, it’s absolutely needed to

understand the latest developments and the trends in this space.

One of the best place to do so is to keep a close eye on the “Gartner

Hype Cycle” that registers all the emerging technologies and

religiously follows their developments. Any such technology as per

Gartner would first go through five phases namely innovation trigger,

followed by a peak of inflected expectation, trough of disillusionment,

slope of enlightenment, and finally the plateau of productivity.

Different technologies or use cases take different amount of time to

travel from the innovation trigger till productivity. Figure 1.1 and

Figure 1.2 shows the Gartner hype cycles for the past 2 years,

where they have especially highlighted the Blockchain use cases

and their estimated timelines for reaching productivity, as shown as

follows: