Gartner, a leading information technology research and advisory company, has published a new document in which it emphasizes the technology innovations around blockchain and profiles five blockchain vendors that are evaluating the limitations in the current generation of technology.

The vendors included in the “Gartner’s Cool Vendors In Blockchain Platforms” include

• BlockCypher addresses the complexity of building, deploying and operating blockchain-based applications.
• Lightning Network addresses the scalability limitations and latency shortcomings of the bitcoin.
• Rootstock brings over to the bitcoin stack the powerful smart-contract capability that is part of the Ethereum platform.
• Tendermint advances the state of the art in consensus engines and in interoperability among blockchain platforms.
• Zcash addresses the problem of lack of privacy in blockchain-based transactions.

"We are thrilled to be recognized by Gartner as a Cool Vendor in Blockchain technology. We believe this recognition further validates the strength of our vision, the execution of our team, and the value we provide application developers," said Catheryne Nicholson, CEO of BlockCypher. "BlockCypher helps open up and serve new markets, and we are proud to be part of new blockchain projects in supply chain, payments, finance and healthcare."

Gartner analyst Rajesh Kandaswamy explained that the research note details why these vendors are “cool, the challenges they face and why you should care.”

“Growth in this sector is vital if blockchain is to fulfil its potential of being a game changing technology. Not all will make it, but some will seep into enterprise technology, with or without blockchain. Interest from enterprise technology vendors in this space is low now barring a few, but we can expect many more to pay attention as this space grows”, he said.

The research note follows Gartner’s “Cool Vendors in Blockchain Application”, which profiled five blockchain pioneers for CIOs looking for bold ideas for their digital business.

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