I think these types of articles are the harbinger of greatness for a technology to have impact in society. This shows that 43 companies found it valuable to inv

I think these types of articles are the harbinger of greatness for a technology to have impact in society. This shows that 43 companies found it valuable to invest in understanding blockchain technology. It means that millions of people are imagining a decentralized world, and how that would upend institutional. By detracting the present over-hype, the dangers of the gold rush to the miners but not marketers, they acknowledge that we’re living in the birth of a new California. Give it some time. Sure blockchain has poor performance characteristics relative to other databases. They all do. Not all databases have the rather remarkable characteristics that globally-shared ledgers can have. When technology is nascent there is a void of history with it, there are no bounds for expectations. It’s inevitable that most early technology is coupled with broken expectations, as they are formed without substance. Most blockchain should be understood as a social technology that is predicated on internet technology. It’s also built for the assumption that brokers aren’t trustworthy and extract too much value. Whether that turns out to be true or not will take a generation or two to sort out.