Blockchain Critics Feel The Technology’s Importance is Overstated
Overstating the potential benefits of blockchain is the technology’s biggest downfall right now. The most prominent topic of speculation this year has been blockchain technology. While the advantages of this concept are easy to see for everyone, there is still a fear of overhyping the possibilities. In most cases, developing of blockchain technology encompasses mostly talk, rather than actual projects. Until use cases have been tested and made available on a large scale, overselling enterprise benefits of blockchain should be avoided at all costs. Every company and their dog seem to be....
Related News
HPE also known as Hewlett Packard Enterprise, a $52 bln parent corporation of technology company HP, recently emphasized the importance of irrefutability and decentralization for Blockchain networks. Andrew Dare, architect of financial services innovation at HPE in U.K, stated: “Blockchain presents an opportunity to bring disparate things together and allow secure and non refutable records of transactions to be done anywhere you need them to be done quickly, securely and with little chance of fraud. Therein lies the true value of the technology.” Blockchain, reinventing practice of....
Hyperledger and Chamber of Digital Commerce work together to promote the use of blockchain technology through public-private partnerships and public policy advocacy. As the world gets prepared to meet blockchain through a variety of upcoming finance and record-keeping applications, the technology’s long-serving backers have taken it upon themselves to advocate its importance farther. In a recent press release, the Hyperledger Project, hosted by The Linux Foundation to advance cross-industry blockchain applications, announced its partnership with the Chamber of Digital Commerce. The latter....
The CEO of Commonwealth Bank of Australia recently spoke about the importance of innovation in the banking industry and how Bitcoin technology may grow to disrupt the industry in the future. The evolution of Bitcoin technology from being just a ledger to the next big innovation in the fintech sector has waken up the finance giants. Banking majors like the Commonwealth Bank of Australia (ASX:CBA) have come to realize the importance of constant innovation, and how it may affect the long time survival of the institution. The banking sector has been dependent on legacy systems for too long.....
The Chinese Government is taking a new look at blockchain technology’s promises. Its new approach became clear this week when it hosted the two-day First World Blockchain Conference in Changsha. And speakers weren’t afraid to use that once-scary B-word: Bitcoin. The conference was officially organized by the World Blockchain Association, with the Hunan....
Following Mt. Gox's decision to abruptly suspend all bitcoin withdrawals on 7th February, many industry commentators and observers, CoinDesk included, began to feel the writing was on the wall for bitcoin's first and once-largest exchange. But, despite the results of our extensive reader survey and critiques from industry heavyweights like Andreas Antonopoulos, there were those who maintained that given its industry reputation, the company's critics may have been premature in their statements. However, Mt. Gox's future may be even more uncertain after controversial statements issued Monday....