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Blockchain Study Finds 0% Success Rate and Vendors Don't Call Back When Asked For Evidence (theregister.co.uk)
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. From a report: 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. "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. "We fared no better when we reached out directly to several blockchain firms, via email, phone, and in person. Not one was willing to share data on program results, MERL [monitoring, evaluation, research and learning] processes, or adaptive management for potential scale-up. Despite all the hype about how blockchain will bring unheralded transparency to processes and operations in low-trust environments, the industry is itself opaque." Burg was an enthusiastic advocate for blockchain until recently -- as he explained in this Medium post.
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. "We fared no better when we reached out directly to several blockchain firms, via email, phone, and in person. Not one was willing to share data on program results, MERL [monitoring, evaluation, research and learning] processes, or adaptive management for potential scale-up. Despite all the hype about how blockchain will bring unheralded transparency to processes and operations in low-trust environments, the industry is itself opaque." Burg was an enthusiastic advocate for blockchain until recently -- as he explained in this Medium post.
I have similar results for "AI". A lot of press releases and white papers but nothing that is really more than computers running algorithms.
Block chain technology could be useful, but since people seem to have forgotten that there's more than just that hammer, this bullshit pervades. Guessing everyone is still upset MjÃlnir is broken, and that's why we have this hammer obsession.
In a world where despite the importance most people can barely manage to deal with http certificates, attempts to adopt a much more complicated technology for much more dubious use cases fell short.
Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
Sort of exactly like git but also has a (inefficient) way to automatically resolve conflicting "check-ins".
Exactly. Except a blockchain adds a voting scheme to decide who gets to approve the pull requests.