Deloitte Reports Blockchain Projects Booming – But Most Are Inactive

Blockchain, FinTech, Innovation, News | November 8, 2017 By:

Blockchain projects are booming, but a new report from Deloitte spotlights just how huge the sector has become. The report, Evolution of Blockchain Technology: Insights from the GitHub Platform, claims more than 26,000 new projects were created on GitHub in 2016.

The firm drew its information from the platform, which hosts code for more than 86,000 blockchain projects, including bitcoin. The study dates its findings back to 2009.

The year 2016 saw the most new blockchain projects created to date, according to Deloitte’s report, and marks a great leap from the 15,000 projects started in 2015. For this year, the first six months saw 25,000 new GitHub projects created, promising to shatter 2016’s record.

Deloitte reports bitcoin projects dominate the repositories (627 contributors, 12,000 followers), with Geth, a form of ethereum, in second position at 149 contributors with 5,603 followers.

Most GitHub projects, though, are inactive.

“The stark reality of open-source projects is that most are abandoned or do not achieve meaningful scale. Unfortunately, blockchain is not immune to this reality. Our analysis found that only 8 percent of projects are active, which we define as being updated at least once in the last six months.”  The large majority of active projects are by organizations, with 15 percent active versus just 7 percent active from organizations.

The authors add that organizations are a “positive differentiator” in the data, saying “while 7 percent of projects developed by users are active, 15 percent of projects developed by organizations are active.”

San Francisco has the most GitHub repository owners, with 1,278 users and 101 organizations, followed by London (9191 projects) and New York (774).