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by arisAlexis 2576 days ago
in every article with title "company X uses blockchain for Y" the top comment is someone saying "I don't see why".

Do you have any idea about how the particular company schemantics work? How parts are sourced in this industry? What certification issues are? basically blockchain is about trust.

So you know better than the company management and deem that their CTO made the wrong decision with zero information.

1 comments

You don't need to know all the details, because time and time again I have seen blockchain hyped up by people who don't fully understand it (or who are selling it) and the following runs it's course:

1. People get excited about blockchain because it's the "it thing" and people have some vague notion that it can apply to a distributed trust problem.

2. In nearly all cases, blockchain is a poor solution for the actual business need. This article, https://blog.smartdec.net/you-do-not-need-blockchain-eight-p... , which was discussed at length on HN a couple months ago, has a detailed section on why blockchain is a bad fit for "object authenticity guarantee".

3. So then what happens is people usually basically end up solving their use case with a kind of "franken-private blockchain" that more often than not is just a cryptographically signed ledger DB.

So yeah, I don't really care if the CTO is Jesus, as far as everything described in the article (which basically just describes a used-goods marketplace, gosh I've never heard of those before), blockchain is a "marketing-speak" solution.

Here is why EY believe in blockchain so much. Maybe it will change your view a bit:

https://www.linkedin.com/pulse/say-hello-nightfall-paul-brod...