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A comment on Wall Street rethinks blockchain projects as euphoria meets reality. Parent comment

Re:Wall Street rethinks blockchain projects as euphoria meet... by ryandrake on Thursday March 29, 2018 @11:35AM (#16707891)
The vagueness of Blockchain reminds me of the same “Cloud” vagueness. CEOs and CIOs read these articles about how great “Cloud” is and how everything is moving to “Cloud” and they turn around and declare things like “I want Cloud” and “We need to work on Cloud!” and “Invest in Cloud”. Just parroting what they read in HBR or what some IBM consultant told them. Then a whole bunch of money is spent on “Cloud” with often not much to show for it at the end, besides a bunch of opportunistic Cloud providers getting rich.

Rinse and repeat for Big Data, ML, AI, Bockchain, and whatever the next fad will be.

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Re:Wall Street rethinks blockchain projects as euphoria meet... by atomical on Thursday March 29, 2018 @12:33PM (#16708406)
The value proposition of the cloud was that it saves time and sometimes money because of usage pricing. The only advantage of blockchain is that it's supposedly more secure against tampering.
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Re:Wall Street rethinks blockchain projects as euphoria meet... by aje403 on Thursday March 29, 2018 @11:48AM (#16708000)
Yes, businesses try out different things and some things stick and some don't. This doesn't even have anything to do with technology. Businesses use computers because some idiot in a suit read an article.

Many companies are making a lot of money from implementing or integrating "Cloud", "Big Data" and "ML". They're not fad technologies. Blockchain hasn't done anything yet so should not be lumped in with them.

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