Re: Of course there is, until
That's correct, but in addition to explaining blockchain, for it to take off it also needs to find a source of value. Certainly people can design a whole lot of things anew to incorporate block chain. But what is the quantum of any value? In the era of digital systems, does it avoid the need for data processing (no) does it avoid the need for storage and backup (no), does it avoid the need for reliable communications (no). It appears vulnerable to rather too many of the same forms of fraud as existing digitised currency.
I worry that I'm a Luddite in saying this, but AFAICS, blockchain is a sort of digital Esperanto. Cleverly conceived, logically designed, with enthusiastic adherents, but whose adoption is ultimately lacking sufficient tangible benefit to offset the not inconsiderable costs.
Biting the hand that feeds IT
