Sunday, November 18, 2018

Blockchain and big Consulting firms

https://www.coindesk.com/deloitte-blockchain-chief-bad-crypto-headlines-are-making-clients-nervous

" If you’re building free proofs of concept, but you’re missing the business context around it, like regulatory, AML/KYC, tax and all the other stuff, you really aren’t servicing the client holistically,” Pawczuk went on, without naming names. “Another thing that makes me nervous is proofs-of-concepts being built by students that have never had to coexist in the environment where large high volume transaction systems do exist. Blockchain does not replace all core systems.”

I find it rather interesting the leaders and partners of these Consulting companies are worried about students and newbies doing POCs,  yet many of the big firms like Deloitte are people under 27 who aren't usually hardcore techies and computer science or Cryptography guys.  The big shot partners usually don't know anything about the latest tech.

They are good at selling it , but dig into technical conversations and it's usually a lot of keywords that sell to the masses, but if you're into the tech, you just role your eyes.  In fact, a lot of times the techies are pushed aside for the more business and charismatic biz Dev sales folks. 

   Big Consulting firms love to charge big dollars for POCs and have mostly non cs people who implement them.   Or send 26 year old communication majors  with 15 years of experience in a 5 year old Technology.    That's why she fears free POCs.  

The Deloitte's of the world are really why public blockchain systems are needed.

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