Skip to main content

More clickbait blockchain nonsense articles

I read an article today on wine, alcohol and supply chain and rolled my eyes. 
Things like "…that solution is blockchain…Big companies like Walmart and large grocery stores are already using blockchain to manage supply chain management especially when it comes to food. "

No, no they really aren't. Most of these big companies are actually full of it. They were full of it in the early big data and hadoop days.  They are full of it with the AI and machine learning and data science marketing pitches.  And they are definitely full of it when it comes to blockchain. Many do test.  Many don't have the time, resources or care.  And many don't even like new potentially disruptive Technologies.  Ever. 

Decentralized blockchain?  Yeah Wal-Mart and Amazon and the big banks are all for that.  Not.  They are more for testing private permissioned centralized blockchains. And really there is some need for a system that doesn't give all the transaction information to the world. Transportation and logistics and suppliers have tons of deals and contracts. 

Maybe in due time things will change, but Wal-Mart isn't showing the world how cheap or how difficult it is to negotiate with them.  Or worse , for the vendors, partners and Distributors, killing their price points and value.  

So when people on medium or other social media platforms start writing how it's all changing, maybe they should dig a little deep and provide actually facts and evidence of this. 

In theory these things are great, in reality the Wal-Mart's of the world aren't going to productionize a public decentralized etherium based blockchain system.  In fact Wal-Mart partnered with IBM and made two patents for some kind of "blockchain". 

We know Wal-Mart tried to build their own payment system before and it sucked.  They tried to build their own Netflix at one point too.   Now it seems they want another logistics like payment system and a blockchain that will act like a database.

  It doesn't solve any problem though. If Wal-Mart controls the Walmart blockchain system, that defeats the entire purpose of a decentralized immutable ledger. And why would any one trust Wal-Mart or IBM? 

All we see are many of these big firms jumping on the bandwagon and trying to create another version of a centralized controlled system. And patent it no less, so it's not even open source.  But the clickbait articles jump on this nonsense.

https://medium.com/@jpvehovic/craft-beer-blockchain-32f52feaa31c

Comments

Popular posts from this blog

computer tech security and public policy

Digital computer security and connected IoT smart  everything have become public policy priorities in an increasingly digital and data-dependent always on and connected economy and society.

The blockchain ecosystem helps farmers receive fair prices and provides consumers with trustable and transparent data on product origins

HAITIAN FARMERS USE BLOCKCHAIN TO SECURE BETTER PRICES
UK-based startup Agriledger has created a blockchain system to help Haitian farmers sell their products at fair prices. The system fosters trust on both sides of the transaction, leading to better income for farmers and better goods for consumers.
The startup’s system offers farmers a number of services, and access to global markets and banks. Using blockchain technology, it provides registered farmers with a unique digital identification number, which makes the farmers key players in the supply chain, and gives them access to financial services, logistics, insurance and other services.  
The farmers can also tokenize their assets, making peer-to-peer trading easier and giving them further access to the commodities market. This digital system provides the farmers with several benefits; the data is inherently trustworthy, so the entire supply chain is more transparent and traceable, and it also simplifies record keeping, so it is easi…