Blockchain study finds zero success rate and vendors don't call back
theregister.co.uk
Blockchain study finds zero success rate and vendors don't call back
1–10 of 247 posts
Re: Blockchain study finds zero success rate and vendors don't call back
#2I've spoken to a number of vendors and come across similar findings as well. Though of course, this is just observational on my part and not a detailed investigation or study, but I have been getting much the same impression. There's a lot of unnecessary hype and people jumping on the bandwagon just because it's currently a buzzword. That said, I still have a lot of faith in what Blockchain will eventually be able to achieve. It might just take longer to get there than we thought.
I remember when I was studying computer science in 1999, even though the internet had been out a while and there had been lots of talk about e-commerce no one had really solved the problem particularly well in terms of providing a platform to the average Joe, but by 2005 things were very different and then by 2015 there was no looking back. I think it's going to be the same for Blockchain.
Re: Blockchain study finds zero success rate and vendors don't call back
#3I'm really not surprised. The most interesting thing about your business shouldn't be your choice in data-store.
Re: Blockchain study finds zero success rate and vendors don't call back
#4I've spoken to a number of vendors and come across similar findings as well. Though of course, this is just observational on my part and not a detailed investigation or study, but I have been getting much the same impression. There's a lot of unnecessary hype and people jumping on the bandwagon just because it's currently a buzzword. That said, I still have a lot of faith in what Blockchain will eventually be able to…
> I still have a lot of faith in what Blockchain will eventually be able to achieve.
What does this even mean? Its a really beautiful solution its just lacking a good problem.
Re: Blockchain study finds zero success rate and vendors don't call back
#5I'm really not surprised. The most interesting thing about your business shouldn't be your choice in data-store.
But it's immutable (until it isn't)!
Re: Blockchain study finds zero success rate and vendors don't call back
#6I've spoken to a number of vendors and come across similar findings as well. Though of course, this is just observational on my part and not a detailed investigation or study, but I have been getting much the same impression. There's a lot of unnecessary hype and people jumping on the bandwagon just because it's currently a buzzword. That said, I still have a lot of faith in what Blockchain will eventually be able to…
> I still have a lot of faith in what Blockchain will eventually be able to achieve. What does this even mean? Its a really beautiful solution its just lacking a good problem.
Re: Blockchain study finds zero success rate and vendors don't call back
#7I've spoken to a number of vendors and come across similar findings as well. Though of course, this is just observational on my part and not a detailed investigation or study, but I have been getting much the same impression. There's a lot of unnecessary hype and people jumping on the bandwagon just because it's currently a buzzword. That said, I still have a lot of faith in what Blockchain will eventually be able to…
> That said, I still have a lot of faith in what Blockchain will eventually be able to achieve. It might just take longer to get there than we thought.
Why should anyone care more than say... the adoption rate of SkipLists or Bloom Filters?
Blockchain IS a usable datastructure with some interesting properties. But so are Cuckoo Hashes. But no one is going around talking about how Cuckoo Hashes will take over the world.
Its like XML or SOAP, or any other buzzword technology. There's certainly a benefit to the technology, but ultimately the engineering of stuff that uses it is relatively boring.
Re: Blockchain study finds zero success rate and vendors don't call back
#8I've been working on DLT / enterprise blockchain technologies since 2014 and have insight into hundreds of projects, a small number of which made it to live production. Here is the bottom line: yes, it's mostly hype, but this technology does have genuine use cases - when you want to build an interparty database-driven application, and cannot find a suitable place to put the database, because of business concerns or regulation. This is fairly niche, perhaps 1% of all interorganizational database applications, but there are certainly cases where it is the right solution. The majority of blockchain projects undertaken still do not make sense, but this is gradually getting better over time.
Re: Blockchain study finds zero success rate and vendors don't call back
#9That's bad. I thought someone would be using a blockchain for some kind of back-end settlement system somewhere, but apparently not.
On the ICO front, the SEC is now cracking down effectively. First they went after the outright frauds, such as the coin backed by nonexistent land and diamonds. They won in court. Then they went after the ones that promised big returns and didn't deliver. The SEC won again. That settled the issue of whether an ICO is a security. It is if it passes the Howey Test.[1]
With the legal ambiguity resolved, the SEC started sending inquiry letters to new ICO proponents with some pointed questions. Many new issuers backed off. Now the SEC has an assembly-line enforcement process running for ICOs; issuers can either buy the tokens back and shut down, register as a real security, or get hammered in court.
List of 934 dead coins.[2]
Re: Blockchain study finds zero success rate and vendors don't call back
#10I've spoken to a number of vendors and come across similar findings as well. Though of course, this is just observational on my part and not a detailed investigation or study, but I have been getting much the same impression. There's a lot of unnecessary hype and people jumping on the bandwagon just because it's currently a buzzword. That said, I still have a lot of faith in what Blockchain will eventually be able to…
> in 1999, even though the internet had been out a while and there had been lots of talk about e-commerce no one had really solved the problem particularly well in terms of providing a platform to the average Joe
I'm not sure why you focused on e-commerce as a use case, as well as the average Joe as the user. The article in question talks about them trying to find ANY industry use case. The Internet was useful pretty much from day 1. In the early 70s it already enabled digital file transfers and email communication. The use cases were easy to find...