Blockchain as a service: Difference between revisions
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{{A| | {{A|buzz|[[File:Bullshit.jpeg|thumb|center|450px|[[Blockchain as a service]]. Also known as “BS”.]]}}One of those beautiful logical oxymorons, [[blockchain as a service]] — “'''B.S.'''” to those of us who admire at least its staggering chutzpah — as the instant solution for people who, one one hand, so distrust financial intermediaries that they would cast their ledger into monstrously slow, inflexible and environment-massacring gears of a [[blockchain]] but, on the other, so lack resources or expertise in [[distributed ledger technology]] to do so, that they would hand the entire implementation over to a random startup, who will charge them handsomely, and in perpetuity, to implement a “proprietary” [[open-source software]] solution for them. | ||
If [[blockchain]] itself is to all intents a bust — beyond the sovereign wallet (and, ahhh, discreetly financing drug trafficking and terrorism) no-one has come up with a plausible use case yet, in ten years of trying — then combining it with the boneheaded [[rentier]] carry-on of [[software as a service]] is ''essence'' of extra-virgin, first-pressing snake oil. | |||
Hopefully not | Yet the airwaves are full of it.<ref>{{Google|blockchain-as-a-service}}.</ref> So, what do you call someone who (1) wants to re-intermediate a technology whose sole apparent benefit is ''dis''intermediating, and (2) who doesn’t trust [[Clearstream]] or Visa, but is prepared to trust a couple of guys in Bulgaria who met on 4chan? | ||
Hopefully not “your [[Chief Technology Officer]]”. | |||
{{Sa}} | {{Sa}} | ||
*[[Software as a service]] | *[[Software as a service]] | ||
*[[Blockchain]] | *[[Blockchain]] | ||
*[[ | *{{t|Snake oil}} | ||
*[[Rent seeking]] | |||
{{Ref}} | |||
Latest revision as of 13:31, 30 December 2020
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Lingo update
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One of those beautiful logical oxymorons, blockchain as a service — “B.S.” to those of us who admire at least its staggering chutzpah — as the instant solution for people who, one one hand, so distrust financial intermediaries that they would cast their ledger into monstrously slow, inflexible and environment-massacring gears of a blockchain but, on the other, so lack resources or expertise in distributed ledger technology to do so, that they would hand the entire implementation over to a random startup, who will charge them handsomely, and in perpetuity, to implement a “proprietary” open-source software solution for them.
If blockchain itself is to all intents a bust — beyond the sovereign wallet (and, ahhh, discreetly financing drug trafficking and terrorism) no-one has come up with a plausible use case yet, in ten years of trying — then combining it with the boneheaded rentier carry-on of software as a service is essence of extra-virgin, first-pressing snake oil.
Yet the airwaves are full of it.[1] So, what do you call someone who (1) wants to re-intermediate a technology whose sole apparent benefit is disintermediating, and (2) who doesn’t trust Clearstream or Visa, but is prepared to trust a couple of guys in Bulgaria who met on 4chan?
Hopefully not “your Chief Technology Officer”.