re: Is Blockchain really changing the world at all? VIEW POST

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re: Hello, I have a boring answer for you. Blockchain is neither useless nor it is likely to be a revolution. products matter more than tech...
 

Thanks for your in-depth analysis and interesting answer Jean-Michael!
I know that Blockchain is just the underlying technology innovative products could be built on, but do you really think that the Blockchain itself will become such a widely spread industry standard like modern internet protocols? It's often refered to as the "biggest thing since the internet" and I'm not really getting the hype. Distributed databases aren't an innovation at all, neither are merkle trees or even hashing algorithms. I was just wondering if there's any useful product right now, that shows the true value of Blockchain?
Wikipedia could also have been built on another tech stack, I think PHP was just the way to go at that time. But Blockchain isn't just an alternative tech-stack imo. You don't just swap your SQL or mongoDB for some ethereum-based blockchain if there's no reason to do so, am I right?

 

I agree with you.

I think that in general new simple technologies have more use cases than ad hoc sophisticated technologies. For example none of the coolest stuff invented by the space industry did change the world as much as the simple and stupid container. I'm not talking about Docker here. About the real container, one of the most underrated recent invention.

There are multiple requirements that must be met for the blockchain to makes sense - else it's just an over engineered git. Of course I don't know what will happen in the future better or worse than anyone else, so I might be wrong.

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