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. ”