For over 80,000 of all blockchain projects ever launched globally, only 8% are still being actively maintained and the average life span is only around 1.22 years
or less than 15 months, according to an official from the China Academy of Information and Communications Technology (CAICT), reported China Money Network.
The report did not specify how those numbers were calculated.
He Baohong, the director of Cloud Computing and Big Data Research Institute under CAICT, said, “[These projects] came out very quickly, but die quickly as well. In this circumstance, governments globally are accelerating their efforts to establish unified standards in order to help blockchain projects to achieve real-life applications.” He spoke at the International Big Data Industry Expo 2018 held in the southwestern city of Guizhou.
Read more here : https://cryptonews.com/news/average-blockchain-project-dies-in-15-months-chinese-officia-1884.htm
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