All hype71%

Game changer29%


2.3k views1 Upvote4 Comments

Director, Information Security in Education, 1,001 - 5,000 employees
Concept wise I can envision use cases where it could be a game changer but I cannot recall a single real-world implementation that is a truly necessary or effective use of blockchain tech. It often comes off as riding on the hype of the blockchain.

While not the only case and not always the indicator, a quick and easy question is “is the product/solution still viable if the company goes out of business?” If solution uses a decentralized p2p protocol but the greatest risk of a point of failure is the company selling it, then it’s likely it doesn’t “need” a blockchain in its solution to accomplish what it does, regardless of if the solution is genuinely a great one.
CEO in Services (non-Government), Self-employed
While cryptos might steal the headlines (pun intended) companies like IBM have been very successful deploying Hyperledger based blockchain solutions for several years. TradeLens is but one example of wide scale enterprise use of DLT technology.  
CTO in Software, 11 - 50 employees
This is a very loaded question as blockchain technology in general is a panacea, but I would love to hear how you are thinking about leveraging it to solve unique business problems. That is the real question here
VP of IT in Software, 10,001+ employees
I don't think either answer applied.  It clearly is hype now in terms of what has been done with it and clearly it has potential to be a game changer.  

The game changer is that is creates a mechanism to change how relationships work.  If the nature of trust relationship change then whole industries may change. It is clear that any business that is a clearing house or whatever could see their entire world change if blockchain gets established. But trust relationship are involved in all kinds of other places. Consider why you have employees for example, what if anyone could be trusted in the same way.  Would that mean you don't need employees?  What if your partners could really be extensions of your business?  What if their were no "shady" businesses/fraudulent transactions, etc.

The problem is that while the payoffs could be large (assuming you think the above are benefits) getting enough of a network in place to solves these things is also a challenge.  May of the stakeholders are trying to use if for their own benefits rather than the networks.  Those intermediaries are all thinking how they can build blockchains where there are a central authority. Sorta breaks the whole model.

We also see all kinds of implementation where block chain technologies aren't the right solution.  I don't know how many times I have to discuss with people that it isn't a integration technology and we shouldn't use as a data exchange technology.

I do wonder if the complexities (technically, socially, politically, economically) are daunting enough that something else will come along that is better before it solves any of those key problem to which can be so transformative.

Some of the key concepts will surely stick around and some EA will simply implement as a patterns for certain problem sets perhaps but don't by the time (if) widespread adoption happens I wonder if we will be still talking about blockchain.

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Agree — Moderators have a valid reason to go on strike45%

Neutral — I don’t have a strong opinion either way30%

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