StackOverflow research claims 80% of Organizations don't use Blockchain

Major developer community site StackOverflow has surveyed almost 90,000 developers, and the outcomes released on April 9 reveal that 80 percent of organizations are now not utilizing blockchain.

At the same time, 12.7percent of those developers responded that organizations utilize blockchain to get non-currency applications, 4 percent to cryptocurrency-related applications, 2.1% take crypto as obligations and 1.3percent are implementing their particular cryptocurrency. StackOverflow also asserts that developers in India would be the most prone to state their organizations are utilizing blockchain technology.

The most critical part of developers, 29.2%, considers that blockchain is useful across several domains and may alter our lives in a variety of ways. However, 26.2% believes it is useful as immutable record-keeping technology and doesn't have a use for money, and just 12.2% considers it is helpful for decentralized currency software.

Also Read: U.S. Department of Energy utilize Blockchain to protect Power Plants from Cyberattacks

In a probable reference to worries over the effect of Proof of Function mining about the surroundings, 15.6percent of those respondents noted they believe blockchain to be an irresponsible use of funds. Finally, 16.8% considers that blockchain tech is simply a passing craze. The report asserts that the optimism regarding the usefulness of blockchain engineering is mainly concentrated among younger and less experienced developers:

“The more experienced a respondent is, the more likely they are to say blockchain technology is an irresponsible use of resources.”

Conclusion

In closing out this bit, it ought to be pointed out that over 75 percent of those interviewed developers claimed that blockchain was really a helpful technology that had the capability to change a lot of different industrial businesses throughout the world.

Also Read: Bakkt hires former Google, PayPal Executive as Chief Product Officier

Also, but the study also emphasized the following factors:

  • The majority of the developers who had been optimistic about blockchain has been at their 20's to early 30's.
  • More than 25 percent of those interviewed people claimed the technology was helpful for immutable record keeping while 12.2percent of these said that it had been helpful for producing decentralized currencies.

Source

- Ad -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
- Advertisement -

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Best Blockchain Stocks: Top Blockchain Companies for Investors in 2020

Ten years ago, no one had heard of “blockchain”. Over the last five years, however, blockchain has been one of the biggest trends in...

Latest News & Updates

Cooked Up in Amsterdam: Adventurepreneurs Kelly Fix, Mike Long and Greg Morrison's Fusion Protocol

The Ultimate Webinar for Making Money Online in 2020 is Here Kelly Felix is proud to present Mike Long and Greg Morrison in a live...

Crypto-Bull App Review: Legit Bitcoin Trading Software Service or Fraud?

With the global finance sector currently facing a host of bearish pressure due to the ongoing COVID-19 pandemic, it seems as though countries all...

CryptoCash Review: Advanced Crypto Trading Software or Scam Opportunity?

Despite the American stock market plunging to record lows over the past month or so, the crypto sector, by and large, has been able...

CryptoEngine Review: Trustworthy Cryptocurrency Trading Platform to Use?

As most of our readers may be well of, over the course of the past month, financial markets all over the world have plummeted...

Every investment is risky and carries a real chance at losing or gaining. None of the information here is to be considered investment advice. Seek a professional investment advisor consultation before making any investment.

No GainBitcoin contributor is licensed under securities laws and is not qualified to give personal investment advice. Read the about page and all accompanying policies for more details.

More Articles Like This

Best Blockchain Stocks: Top Blockchain Companies for Investors in 2020

Ten years ago, no one had heard of “blockchain”. Over the last five years, however, blockchain has been one of the biggest trends in...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Teeka Tiwari's The Final 5: 5 Coins to $5 Million Jetinar Details

Teeka Tiwari's The Final 5: 5 Coins to $5 Million Jetinar Palm Beach Research Group's Teeka Tiwari is hosting his 5 Coins to $5 Million:...

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...

Crash Proof Profit Summit: John Ross' Apex Profit Alert System

In its most basic sense, The Crash Proof Profit Summit is an advertisement for John Ross’ investment advisory service Apex Profit Alert. In the wake...

CryptoEngine Review: Trustworthy Cryptocurrency Trading Platform to Use?

As most of our readers may be well of, over the course of the past month, financial markets all over the world have plummeted...

Bitcoin Millionaire Pro Review: Earn Cryptocurrency Trading Profits or Fake System?

Despite the American stock market plummeting to new lows over the course of March and April this year, it seems as though the crypto...

CryptoCash Review: Advanced Crypto Trading Software or Scam Opportunity?

Despite the American stock market plunging to record lows over the past month or so, the crypto sector, by and large, has been able...