Blockchain Update: Very Expensive, NoT SuccessFul, no Sense, no Reason. Here’s the hype.

Blockchain Reality update:

0) (2019-06-02) The honorable Bruce Schneier says: There’s No Good Reason to Trust Blockchain Technology | WIRED … :

“There’s No Good Reason to Trust Blockchain Technology Opinion: Cryptocurrencies are useless. Blockchain solutions are frequently much worse than the systems they replace. Here’s why.

1) (2018-11-30) Blockchain study finds 0.00% success rate and vendors don’t call back when asked for evidence • The Register … :

Emergent Tech Blockchain study finds 0.00% success rate and vendors don’t call back when asked for evidence Where is your distributed ledger technology now? By Andrew Orlowski

2) (2019-05-29)  Blockchain Settlement Was Slow, Costly in Trial, Weidmann Says – Bloomberg … :

Cryptocurrencies Blockchain Settlement Was Slow, Costly in Trial, Weidmann Says
A trial project using blockchain to transfer and settle securities and cash proved more costly and less speedy than the traditional way, Germany’s central bank president said.

3) (2019-02-26) You Do Not Need Blockchain: Eight Popular Use Cases And Why They Do Not Work … :

You Do Not Need Blockchain: Eight Popular Use Cases And Why They Do Not Work

(via Slashdot)

4) (2019-05-29) Blockchain officially confirmed as slower and more expensive … :

The Blockchain solutions did not improve in all respects: the process took a little longer and resulted in relatively high calculation costs, Weidmann said in Frankfurt on Wednesday.” Similar experiences have been made elsewhere in the financial sector. Despite many tests of blockchain-based prototypes, a real breakthrough in the application lacks so far.