Blockchain a technology with great claims, without documented success

A new study finds no actual successes behind claims, also a lack of transparency:  Blockchain study finds 0.00% success rate and vendors don’t call back when asked for evidence <read>

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…

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…

Blockchain has been wildly mis-sold, but underneath it is a database with performance and scalability issues and a lot of baggage. Any claim made for blockchain could be made for databases, or simply publishing contractual or transactional data gathered in another form.

Its adoption by non-technical advocates is faith-based, with vendors’ and consultants’ claims being taken at face value…

As with every bubble, whether it’s Tulip Mania or the Californian Gold Rush, most investors lose their shirts while a fortune is being made by associated services – the advisors and marketeers can bank their cash, even if there’s no gold in the river.

Well maybe those advisors and marketeers are successful.  As they say “Where are the users’ yachts”.

 

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