Recent survey results from Gartner, Inc. have revealed that the majority of Internet of Things (IoT) technology adopters in the US were also adopting blockchain and combining it with their IoT networks.
“The integration of IoT and blockchain networks is a sweet spot for digital transformation and innovation,” said Avivah Litan, Vice president at Gartner, in a written statement. “It is actually moving ahead at a much faster pace than expected, according to the survey.”
The Gartner IoT Implementation Trends Survey was conducted via Online from May through June 2019 with more than 500 respondents from the US.
IoT Implementers Are Big on Blockchain
Gartner said 75 percent of IoT technology adopters had already adopted blockchain or were planning to adopt it by the end of 2020. Among the blockchain adopters, 86% were implementing the two technologies together in various projects.
“These results are significant and much stronger than we anticipated. They emphasize that although both blockchain and IoT technologies are still in the early stages of adoption, coupled with the fact that blockchain technology is still immature itself, enterprises have started combining them to drive favorable business outcomes,” said Avivah.