I Don’t Believe in Blockchain

Onging, May 18, 2017
Commentary by Stephen Downes

I'm sure Don and Alex Tapscott don't want to read this, but Tim Bray (who has a long history of internet standards development) has called the recent attention being paid to blockchain "an over­pro­mot­ed niche sideshow." He writes, "I’ve seen wave after wave of landscape-shifting tech­nol­o­gy sweep through the IT space: Per­son­al com­put­er­s, Unix, C, the In­ter­net and We­b, Java, REST, mo­bile, pub­lic cloud. And with­out ex­cep­tion, I ob­served that they were ini­tial­ly load­ed in the back door by geek­s, with­out ask­ing per­mis­sion, be­cause they got shit done and helped peo­ple with their job­s.That’s not hap­pen­ing with blockchain. Not in the slight­est. Which is why I don’t be­lieve in it." 
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