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Universal Solution

Love this post about block-chain - as the author correctly points out, it is an amazing solution for almost nothing. Yet for anyone in a technology leadership role, not to have a point of view regarding block-chain is a non-starter. This is technology to which homage must be paid in the form of a strategy, road-map, use case identification and skunkworks projects. If not the person in question is presumed to be lacking vision. So to be a technology technology leader one must embrace block-chain. Could not have said it better than the author if I tried:

I’ve never seen so much incomprehensible jargon to describe so little. I’ve never seen so much bloated bombast fall so flat on closer inspection. And I’ve never seen so many people searching so hard for a problem to go with their solution.

That hits the nail on the head. As to what this thing really is past all the jargon and bombast, that is also very well described in this story:

At its core, blockchain is a glorified spreadsheet (think: Excel with one table). In other words, a new way to store data. In traditional databases there’s usually one person who’s in charge, who decides who can access and input data, who can edit and remove it. That’s different in a blockchain. Nobody’s in charge, and you can’t change or delete anything, only view and input data.


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