The majority of blockchain projects launched on the open-source platform GitHub were abandoned within months, according to recent research out of consulting firm Deloitte.
The Deloitte researchers analyzed metadata from blockchain projects available on GitHub, a global software collaboration platform comprising 68-plus projects from 24 million participants. They determined roughly 8,600 blockchain projects, on average, have launched each year since 2009.
In 2016, there were nearly 27,000 new blockchain projects. However, the researchers' analysis, published Nov. 6, noted only 8 percent of these projects were still active. The researchers defined "active" as being updated within in the past six months.
The average lifespan for an open-source blockchain project on GitHub was 1.22 years, according to the researchers. "The stark reality of open-source projects is that most are abandoned or do not achieve meaningful scale," they wrote. "Unfortunately, blockchain is not immune to this reality."
To access the Deloitte research, click here.