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What you will notice is that in 2016, it is kind of just entering the peak of inflated expectations, while in 2017, it is almost on the way out of this phase and about to enter into Trough of Disillusionment. Now just make one observation, where is blockchain in 2016 and where is it in 2017? The simplest answer is to compare the Gartner’s hype cycle for emerging technologies for the year 20: Hype Cycle for 2016 Once considered the synonym for the bitcoin (and cryptocurrency), now it is clear that cryptocurrency is just one of the use cases in the whole gamut.Īs part of this article, I will talk about the various advantages of blockchain technologies. Interest in the blockchain technology has peaked in the last few years.