More than 8 in 10 organizations do not use blockchain (or decentralized transaction management technology), according to a Stack Overflow developer survey.
The media craze for blockchain is undeniable. But the pace of corporate deployments doesn’t always keep pace. This is one of the lessons of a investigation international (“Developer Survey 2019”) published by Stack Overflow.
For example, 80% of developers surveyed * worldwide said their organization does not use decentralized transaction management technology at all.
What about the remaining 20%? 12.7% of respondents indicated that their company uses blockchain for applications and uses that do not relate to cryptocurrencies. While 4% say they use it for applications directly related to virtual currencies. In addition, 2.1% accept payments in cryptocurrencies (bitcoin, ether, etc.). 1.3%, finally, have implemented their own cryptocurrency.
Are regulatory uncertainties and cryptocurrency volatility weighing more than you think? What about the feelings of the developers themselves?
Beyond cryptocurrencies
29.2% of developers believe that blockchain could prove useful on a daily basis in many areas. “This optimism is mostly shared by the youngest developers, and the less experienced,” said the authors of the Stack Overflow study.
Almost as many developers (26.2%) believe that blockchain is a technology of choice for file archiving, excluding cryptocurrencies.
However, 16.8% believe that blockchain is a “passing” fad and 15.6% that it results in an “irresponsible” use of resources …
*88,883 software developers in 179 countries, including 25,526 programmers in Europe, were surveyed
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