He Baohong: The average lifespan of a blockchain project is 1.22 years, and only 8% are still being maintained

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遂心
7 years ago
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Three common ways to die in blockchain projects.

He Baohong: The average lifespan of a blockchain project is 1.22 years, and only 8% are still being maintained

Recently, at the International Financial Technology Industry Summit Forum of the 2018 China International Big Data Industry Expo held in Guiyang,He Baohong, director of the China Academy of Information and Communications Technology (CAICT) and the Big Data Research Institute, mentioned in a report sharing that there are currently more than 80,000 blockchain projects in the world, but only 8% of the projects are being maintained, with an average lifespan of 1.22 Year.

Since the invention of the blockchain in 2008, 80,000 blockchain projects have been launched around the world.

Deloittes report released in November last yearBlockchain Technology Revolution: Insights from the GitHub PlatformMentioned in: In 2016 and 2017, more than 50,000 blockchain-related projects were created on GitHub; in comparison, fewer than 15,000 projects were created in 2015.

He Baohong said, Projects appear very quickly, but they also die very quickly.

Previously, the Deloitte report also indicated that the reality of blockchain projects on GitHub is that most projects are abandoned or have not reached a large scale. Blockchain projects that rely purely on the open source community can easily fall into the fate of death if they blindly land without finding a suitable soil. report thatThe reasons for the failure of blockchain projects can be mainly attributed to the following three points:

  1. Projects developed by individual users tend to be shorter-lived and independently developed applications of blockchain technology rather than creating a base library for multiple applications. As individual users, they are more inclined to modify, develop, and design prototypes, and these designs usually do not receive high attention.

  2. Concentration of project contributions. Most of the projects with a high mortality rate are projects in which developers take care of almost all content output. Basically, there is only one developer for a project, so his attention to the project is often distracted or interrupted. On the other hand, most surviving projects tend to have multiple developers, one of whom is the main driver. Basically, most organizational projects are promoted in this way.

  3. Projects with high replication tend to survive, while projects with little or no replication tend to die. Additionally, cloned versions of the project will also die without the intervention of a new developer.

He Baohong shared, “Under such circumstances, governments around the world are accelerating their efforts to establish a unified standard to help blockchain projects achieve practical applications.”

According to reports, my country has begun to establish a national standard for blockchain technology, and promotes the construction of a blockchain standard system with top-level design. It is expected to be completed by the end of 2019 at the earliest; The technology provides millions of euros in scientific research funding; the Australian government has allocated 700,000 Australian dollars (approximately $520,000) from its federal budget to its digital transformation agency to research blockchain applications in government services.

(I am Mu Xinxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat wsuixin12 for breaking news and communicating. Please note your name, unit, position and reason.)

He Baohong: The average lifespan of a blockchain project is 1.22 years, and only 8% are still being maintained(I am Mu Xinxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat wsuixin12 for breaking news and communicating. Please note your name, unit, position and reason.)

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