{"id":1115,"date":"2018-12-01T16:14:48","date_gmt":"2018-12-01T16:14:48","guid":{"rendered":"https:\/\/blockchain-society.science\/?p=1115"},"modified":"2018-12-01T16:14:48","modified_gmt":"2018-12-01T16:14:48","slug":"blockchain-study-finds-0-00-success-rate-and-vendors-dont-call-back-when-asked-for-evidence-%e2%80%a2-the-register","status":"publish","type":"post","link":"https:\/\/blockchain-society.science\/?p=1115","title":{"rendered":"Blockchain study finds 0.00% success rate and vendors don&#8217;t call back when asked for evidence \u2022 The Register"},"content":{"rendered":"<blockquote><p>Blockchain has been wildly mis-sold, but underneath it is a database with performance and scalability issues and a lot of baggage. Any claim made for blockchain could be made for databases, or simply publishing contractual or transactional data gathered in another form.Its adoption by non-technical advocates is faith-based, with vendors&#8217; and consultants&#8217; claims being taken at face value, as Eddie Hughes MP (Con, Walsall North) cheerfully confessed to the FT recently.&#8221;I&#8217;m just a Brummie bloke who kept hearing about blockchain, read a bit about it, and thought: this is interesting stuff. So I came up with this idea:\u00a0blockchain for Bloxwich,&#8221; said Hughes.As with every bubble, whether it&#8217;s Tulip Mania or the Californian Gold Rush, most investors lose their shirts while a fortune is being made by associated services \u2013 the advisors and marketeers can bank their cash, even if there&#8217;s no gold in the river.For example, Fujitsu offers fast-track consulting services starting at \u00a39,900 to tell you if blockchain is appropriate for your project (that&#8217;s something we can confidently tell you for nothing: no, it isn&#8217;t).And the magic B-word enabled doomed tech quango Digital Catapult to conduct a Houdini-like escape.Now that&#8217;s magic.A modest proposalPerhaps technology consultancy and marketing should be as tightly regulated as financial consultancy, where mis-selling can (in theory) lead to a lifetime ban from the industry, something the US Securities and Exchange Commission can do for people who violate securities law, like Michael Milken.<\/p><\/blockquote>\n<p>Source: <em><a href=\"https:\/\/www.theregister.co.uk\/2018\/11\/30\/blockchain_study_finds_0_per_cent_success_rate\/\">Blockchain study finds 0.00% success rate and vendors don&#8217;t call back when asked for evidence \u2022 The Register<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain has been wildly mis-sold, but underneath it is a database with performance and scalability issues and a lot of baggage. Any claim made for blockchain could be made for databases, or simply publishing contractual or transactional data gathered in another form.Its adoption by non-technical advocates is faith-based, with vendors&#8217; and consultants&#8217; claims being taken [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[14,39,20,5],"tags":[],"_links":{"self":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/1115"}],"collection":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1115"}],"version-history":[{"count":1,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/1115\/revisions"}],"predecessor-version":[{"id":1116,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/1115\/revisions\/1116"}],"wp:attachment":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}