3 ms·

Wowing govt officials and scamming public money.

• hn8788 5y ago
  Sometimes it's the government's idea in the first place. I work at a contracting company, and one of our government customers said they wanted a service that utilized blockchain technology. They didn't know what a blockchain was, or care what the blockchain powered service was, they just wanted to sound like they were responsible for acquiring cutting edge technology. Luckily that was shortly before NIST put out their research paper that said there is almost never a good reason to use a blockchain, and the government employee quickly lost interest.
  • WasimBhai 5y ago
    Link to the said paper, please?
    • 3pt14159 5y ago
      Probably means this one from 2018: https://nvlpubs.nist.gov/nistpubs/ir/2018/NIST.IR.8202.pdf https://nvlpubs.nist.gov/nistpubs/ir/2018/NIST.IR.8202.pdf Brief quote from the conclusions: > The use of blockchain technology is still in its early stages, but it is built on widely understood and sound cryptographic principles. Currently, there is a lot of hype around the technology, and many proposed uses for it. Moving forward, it is likely that the hype will die down, and blockchain technology will become just another tool that can be used. Then there is a fairly large paragraph about limitations and choosing the right tool for the job rather than just trying to shoehorn blockchain in for its own sake.