Chinese Official Says Blockchain Projects Globally Had Average Life Span Of 1.22 Years

For the over 80,000 blockchain projects ever launched globally, only 8% are still being actively maintained and the average life span is only around 1.22 years, says an official at the China Academy of Information and Communications Technology (CAICT). «(These projects) came out very quickly, but die quickly as well,» He Baohong, the director of Cloud Computing and Big Data Research Institute under CAICT. «In this circumstance, governments globally are accelerating their efforts to establish unified standards in order to help blockchain projects to achieve real-life applications.»

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