Blockchain: Now What Is That Use Case?
February 7, 2020
The DarkCyber team invested some time in figuring out Amazon’s blockchain-related inventions. (A free executive summary is available at this link.) There were some interesting use cases explained in these public documents. But blockchain in Amazon is different in blockchain in the world of a specialist blockchain firm if the information in “Major Blockchain Developer ConsenSys Announces Job Losses” is accurate.
The write up states:
Major blockchain developer ConsenSys has laid off around 14% of its workforce, it said on Tuesday, a move that comes as companies around the world frantically search for applications for the much-hyped technology.
Blockchain in frantic search for applications? Yikes.
The issues blockchain faces range from “good enough”, better known alternatives to scaling.
The write up explains:
Companies from banks and oil traders to retailers and tech vendors, drawn to its promise of making cumbersome processes more efficient and secure, have invested billions as they look to find uses for the technology. Many have turned to blockchain development startups in the process for technical expertise. Yet there have so far there have been few major breakthroughs in the practical application of blockchain, despite the spate of tests and pilots.
Complexity, performance, cost, and security may be barriers. Just what catches Amazon’s attention?
Stephen E Arnold, February 7, 2020
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