Solutions looking for a problem rarely survive. Gartner highlights that issue.
"Many CIOs overestimate the capabilities and short-term benefits of blockchain as a technology to help them achieve their business goals, thus creating unrealistic expectations when assessing offerings from blockchain platform vendors and service providers."
Gartner senior research director Adrian Lee
I wrote about this in "Why Blockchain is Hard".
"Blockchain is still a developer's environment rather than a solution to a problem. And best left there until and unless it is proven to solve an issue. Not to say there will not be singular practical solutions though invariably in a private blockchain in which the participating parties have complete control.
That is far from the hype of blockchain evangelists."
Any potential benefit comes at a high cost
- Development is strict and slow
- Incentive structures difficult to design
- Maintenance is very costly
- Users are sovereign encouraging malicious users
- Upgrades are voluntary
- Scaling is really hard
Look before you leap.
