My professional opinion as a blockchain researcher: I don’t see the point (yet) | The unpublished notebooks of J. M. Korhonen


21 bookmarks. First posted by max_read february 2018.


I’ve spent the last 15 months researching the implications and possibilities of blockchains and related “distributed trust technologies” from a business and…
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march 2018 by divergio
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february 2018 by sbmandal
My professional opinion as a blockchain researcher: I don’t see the point (yet)
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february 2018 by jpmayo
> As it stands, public blockchain is very much a kludgy solution looking for non-existent problem, namely lack of trusted intermediaries in finance and accounting.

> [...] think very carefully whether the problem you are interested in solving will truly be easier to solve, or can be solved better, by distributing the database to the users of the database.
bitcoin  research  blockchain 
february 2018 by mklappstuhl
While the opinion is valuable, the links to related papers are just as interesting; especially the ones on private blockchains, and smart contracts.
blockchain  bitcoin  economics  technology 
february 2018 by dogrover
I’ve spent the last 15 months researching the implications and possibilities of blockchains and related “distributed trust technologies” from a business and societal point of view. Sadly, I have to say that I don’t quite get the hype, as much as I’d love to believe in a technological revolution that democratises the world economy.

(NOTE: I’ve edited this text a bit to be clear that I’m talking about public blockchains. Private blockchains are a different matter, and they will have applications in e.g. automating many transactions. That said, the effects are hardly revolutionary, at least in the short term.)

As it stands, public blockchain is very much a kludgy solution looking for non-existent problem, namely lack of trusted intermediaries in finance and accounting.

Unfortunately for this central value proposition of blockchain, there is no lack of trusted enough intermediaries in the financial/accounting sector.
bitcoin  research 
february 2018 by Chirael
I've spent the last 15 months researching the implications and possibilities of blockchains and related "distributed trust technologies" from a business and societal point of view. Sadly, I have to say that I don't quite get the hype, as much as I'd love to believe in a technological revolution that democratises the world economy. (NOTE: I've…
blockchain 
february 2018 by Pasanpr
Unfortunately for this central value proposition of blockchain, there is no lack of trusted enough intermediaries in the financial/accounting sector.

Very few people outside so-called crypto-anarchist community are opposed to trusted intermediaries as a matter of principle, and outside this (admittedly vocal) minority and those who for their own personal reasons want to believe in this scheme, I seriously doubt there is going to be a huge market of people who are willing to pay a premium (in ti...
blockchain  bitcoin  crypto 
february 2018 by max_read