Blockchain study of 43 solutions finds 0.00% success rate
theregister.com
Blockchain study of 43 solutions finds 0.00% success rate
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Re: Blockchain study of 43 solutions finds 0.00% success rate
#2"Though Blockchain has been touted as the answer to everything, a study of 43 solutions advanced in the international development sector has found exactly no evidence of success.
Three practitioners including erstwhile blockchain enthusiast John Burg, a Fellow at the US Agency for International Development (USAID), looked at instances of the distributed crypto ledger being used in a wide range of situations by NGOs, contractors and agencies. But they drew a complete blank.
'We found a proliferation of press releases, white papers, and persuasively written articles,' Burg et al wrote on Thursday. 'However, we found no documentation or evidence of the results blockchain was purported to have achieved in these claims. We also did not find lessons learned or practical insights, as are available for other technologies in development.'
Blockchain vendors were keen to puff the merits of the technology, but when the three asked for proof of success in the field, it all went very quiet."
Re: Blockchain study of 43 solutions finds 0.00% success rate
#3article is from 2018
Re: Blockchain study of 43 solutions finds 0.00% success rate
#4article is from 2018
The difference between then and now is that they have given up attempting to use blockchains for anything, and simply now claim it is a "store of value." In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
Re: Blockchain study of 43 solutions finds 0.00% success rate
#5article is from 2018
The difference between then and now is that they have given up attempting to use blockchains for anything, and simply now claim it is a "store of value." In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
>In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
Sounds more like Stockholm syndrome rather than a loving embrace.
Re: Blockchain study of 43 solutions finds 0.00% success rate
#6article is from 2018
The difference between then and now is that they have given up attempting to use blockchains for anything, and simply now claim it is a "store of value." In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
Nowadays it's also a "settlement layer".
Re: Blockchain study of 43 solutions finds 0.00% success rate
#7article is from 2018
The difference between then and now is that they have given up attempting to use blockchains for anything, and simply now claim it is a "store of value." In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
If you had looked into the space with even just a small amount of depth, you’d find there are numerous applications. Decentralized finance, games, art, cdn networks, music distribution, video streaming alternatives.
Some of them are promising and would address many issues we face; like the Audius project which aims to compete with Spotify and SoundCloud, but actually paying artists for their work.
I think it’s fair to be sceptical and critical of speculative investments and get rich quick schemes, and eventually I imagine it will die down, and hopefully by the end of it all, we will have a more decentralised world.
Re: Blockchain study of 43 solutions finds 0.00% success rate
#8article is from 2018
The difference between then and now is that they have given up attempting to use blockchains for anything, and simply now claim it is a "store of value." In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
Indeed. It is finding its niche(s).
I thought the then/now comparison interesting ...
Re: Blockchain study of 43 solutions finds 0.00% success rate
#9Earlier quoted context omitted.
The difference between then and now is that they have given up attempting to use blockchains for anything, and simply now claim it is a "store of value." In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
If you had looked into the space with even just a small amount of depth, you’d find there are numerous applications. Decentralized finance, games, art, cdn networks, music distribution, video streaming alternatives. Some of them are promising and would address many issues we face; like the Audius project which aims to compete with Spotify and SoundCloud, but actually paying artists for their work. I think it’s fair t…
You can pay artists without a blockchain. No actual benefit is provided to this concept by adding one.
Re: Blockchain study of 43 solutions finds 0.00% success rate
#10"Though Blockchain has been touted as the answer to everything, a study of 43 solutions advanced in the international development sector has found exactly no evidence of success. Three practitioners including erstwhile blockchain enthusiast John Burg, a Fellow at the US Agency for International Development (USAID), looked at instances of the distributed crypto ledger being used in a wide range of situations by NGOs,…
I think you forgot to include your comment after the quotations.