Gartner Research: Smart Contract Adoption to Increase Data Quality by 50% Over 3 Years

Research conducted by Gartner Inc. predicts a 50 percent increase in overall data quality by 2023 for all businesses and organizations using blockchain smart contracts.

“When an organization adopts blockchain smart contracts, whether externally imposed or voluntarily adopted, they benefit from the associated increase in data quality,” said Lydia Clougherty Jones, senior research director at Gartner in a recent blog post.

However, data availability is set to decline over the same period due to blockchain technology replacing traditional business processes. By initiating smart contracts and eliminating all access to data otherwise available from third-party intermediaries it would remove those third-parties from the transaction.

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