Survey reveals that most people are interested in Ethereum, but only 24% have built anything with blockchain.
Developers believe the blockchain lives up to the hype, but most haven’t built any products or services with the technology, according to a new survey from Stack Overflow.
Stack Overflow surveyed nearly 700 developers to understand how software engineers view blockchain. The survey found that 61% of those surveyed believe blockchain is a game-changer, while 38% believe it falls short of the hype.
Only 24% have built anything with blockchain, but 62% of those surveyed want to do it. Survey respondents who had built with blockchain were more optimistic about its potential.
SEE: Blockchain: a reminder (TechRepublic)
Of those working on blockchain projects, 81% use blockchain as a side project or hobby, and 57% are developing blockchain at work. Ethereum is by far the most popular blockchain technology with Hyperledger and OpenChain coming in far second and third. Interest in Ethereum has remained higher than interest in Bitcoin on Stack Exchange sites over the past year.
The most popular languages overall – JS, Python, and Java – are the foundations of blockchain.
Unsurprisingly, blockchain questions about Stack Overflow are increasing at the same time bitcoin prices are rising, according to the investigation report.
There are opportunities to build blockchain solutions with real world applications. During the first months of the COVID-19 pandemic, IBM created Rapid Supplier Connect to connect manufacturers who made masks and other health care supplies with medical systems that needed these products. Suppliers who were new to the medical product market and healthcare buyers registered on the Rapid Supplier website and then logged in. The project was built using existing components from other IBM products, including Trust Your Supplier, a blockchain-based platform that provides pre-verified supplier information, and the Sterling Supply Chain suite.
At the start of the year, Forrester predicted that 30% of blockchain projects would go into production thanks to a more realistic approach to the use of technology as well as “the acceleration and launch of projects driven by the technology. pandemic that bring measurable benefits within a short period of time. ”
Forrester analyst Martha Bennett also predicted that authorized blockchains would be the most common choice, as news about public blockchains scares business leaders worried about compliance and risk. Finally, Bennett expects China to make the fastest advancements with technology as the country makes blockchain an integral part of the country’s digital infrastructure through investments in all verticals.