Granter Research Settles Blockchain Hype, Adoption Won’t Evolve Until 2030


Granter’s David Furlonger Says that Blockchain isn’t just a Technology; It Represents Societal Change

Granter’s David Furlonger peaked into the future of blockchain technology, claiming that he had seen a global transformational courtesy of Ethereum’s smart contract code based invention.

He noted that blockchain implementation is still in its infancy, adding that products ‘Built on top of existing systems to reduce cost and friction in private, proprietary activities. They have only limited distribution capabilities to a small number of nodes either within or between enterprises.’ Speaking about blockchain technology and smart contracts, Furlonger categorically noted that:

“This is not just a technology, this is a societal change.”

Furlonger was, however, not impressed by blockchain products, claiming that ‘they don’t want to give up centralized control.’

He acknowledged that blockchain have started completing offerings, with many companies including startups implementing smart contracts that promise to ‘deliver the full value proposition of blockchain including decentralization and tokenization.’

Things To Take Shape from 2025

Furlonger said that things will begin to take shape in 2025, when we will witness a completely new world. Speaking about this, he explained:

“Smart contracts will have real autonomy and advanced technologies will enable exchanges and transactions that aren’t currently possible. This is when we’ll start to see Decentralized Autonomous Organizations (DAO) and microtransactions performed by machines.”

He further added that: Today’s business and technology may be unable to optimally make use of the capabilities of blockchain technologies….The programmable economy is a natively ‘smart’ economic system that supports and/or manages the production and consumption of goods and services, enabling diverse scenarios of exchange of value (monetary and nonmonetary).”

Overpromising Things by Blockchain-Based Businesses

Granter’s David Furlonger was also quick to hit at blockchain-based businesses, advising them not to over promise things they can’t really do. He noted that:

“Be careful about promising anything to the business and show them the reality of the current situation.”

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