IBM has cut its blockchain team down to almost nothing

Re:IBM has cut its blockchain team down to almost nothing – ... by throwaway9870 on Wednesday February 03, 2021 @02:40PM (#26018151)

How does a blockchain ensure they ship the materials I requested? Did they harden the metal properly? Were the electronic parts purchased from a reliable supply chain so I don't get reclaimed ones? Did they use the right PSI steel? Did they test to known and documented quality standards, or do they ship me the ones that work, but fail quality checks that they reserve for their big customers?

I have manufactured a lot of electronic and physical products, and have had a lot of supply chain issues, but not one of them would have been solved with a blockchain.

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Re:IBM has cut its blockchain team down to almost nothing – ... by HideousKojima on Wednesday February 03, 2021 @04:32PM (#26019420)

Meanwhile the concept of escrow has exited for millenia and already solves that problem. 99% of the proposed usecases for blockchain can be done much more effectively with tech, infrastructure, and systems that have existed forever.

It's a lot like all the hype over NoSQL, when the principles underlying traditional relational databases have already been a solved problem since the 70's and work for 99% of use cases.

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