4 ms·

the problem is not the blockchain it's IBM

• ElfinTrousers 4y ago
  The problem is the same as it's been the whole time: the people who buy tech, and who have the authority to start tech initiatives, don't understand the technology and don't care to. So they chase fads and shiny objects.
  • acdha 4y ago
    It’s more fundamental than that: this is what happens when you do something based on fear of being left out. Consulting companies like Gartner were heavily pushing blockchains half a decade ago, and even if they can’t convey a concrete benefit for something there will be some fraction of listeners who think that they need to buy some and hope it’s useful because they’re afraid of being asked why they didn’t in a few years. It’s the high production values version of the salespeople who’ve shown up here for years saying crypto is the future and you’re old and obsolete if you don’t buy whatever they’re selling. This same dynamic shows up in other areas - e.g. big data, AI, security – but blockchains are an outlier in terms of how little value the technology provides. A lot of big data / AI projects didn’t deliver the huge win promised but turned out to be a good umbrella for getting funding to clean up a ton of data and processing, for example.