7 reasons not to use a blockchain #1
Reason 1. You have bad systems
Around block #484730 I gave talk titled “7 reasons not to use a blockchain” at the University of Queensland. Over the following weeks, Ill post each of those reasons.
If you’re reading this on IE8 then I sympathies. There are still banks in Australia today who do not have a native iOS app. However, they are reposting LinkedIn articles on blockchain. Its time to put down CIO weekly and look within.
If your IT department or vendor has shown little competency in deploying good IT systems, so why do you believe you’ll get this free, community supported, partially documented, fast moving technology right? You’d get better value for your coin in rolling out Office 365 than a blockchain “solution”. Your staff would enjoy a 5GB inbox replacement instead of the 150MB one they have now. Something you can get for free with GMail.
Blockchains don’t fix bad systems, nor do they replace them. They augment good systems and add complexity to your IT infrastructure. Cloud vendors, such as Microsoft Azure, are trying to bridge the gap by providing “Blockchain as a service”, but these are real just pre configured VMs. In other words, they replace the following:
sudo apt-get install software-properties-common
sudo add-apt-repository -y ppa:ethereum/ethereum
sudo apt-get update
sudo apt-get install ethereum
I still believe one day they be the silent work horse in the background. Just like tcp/ip, the little protocol that could. But for now, if you want to explore the technology, its best you fix the bad systems first.