Blockchain: Hype or Reality?
Blockchain is one of the hottest topics in technology today. There is a lot of poorly informed hype surrounding blockchain but there is a great deal of promise also. I recently read an article on a pilot blockchain project undertaken by a major company, one which has been responsible for some wonderful technology. The article claimed that blockchain was enabling a swathe of new capabilities, but every single capability described was simply nothing new - been around for years, in fact I designed a system over 20 years ago that had all of the capabilities of this supposedly groundbreaking blockchain. It seems that the only reason blockchain was involved in this project was to ensure that it got funding and publicity! This type of hype could easily drive us to dismiss the technology altogether, but I think that would be wrong. This is an interesting technology that we should understand, if only to spot the hype. Its still a young technology and I think it will take years for it to mat...