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Contributed by Kevin Liu from Metis Lab
Well, if you remember, two years ago, blockchain was so hot a trending, a disruptive technology that seemed to be able to solve all the problems the world has. Still, just in two years, the blockchain fever has changed to “blockchain fatigue” as described by a report from Gartner[1], with the example that pilots have fizzled out, few implementations have gone into production, the report says that blockchain is likely to be a marginal technology.
In a recent interview, Don Tapscott from BRI showed his dissent with the above opinions and listed some examples of “hundreds of production systems underway across a dozen industries[2].”
Admitted or not, blockchain is not as fancy as people deem it to be. In the applications built on the permissioned blockchain by large enterprises (IBM, Facebook, JP Morgan, and etc.), the so-called blockchain technology has shrunk only to an IT tool, just like an eagle being cut off their wings, but this is not the true meaning and mission for blockchain, so, what’s wrong with blockchain? Is it because of the PR problems, or governing laws, or immature technology, as Don Tapscott mentioned?
Well, I agree with him in most parts, but I also think he missed one of the essential pieces of the puzzle. Although we know that blockchain has caused…
