Blockchain as a service

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

One of those beautiful logical oxymorons, blockchain as a service — "B.S." to those of us who admire it at least for its staggering chutzpah — as the instant solution for those who, one one hand, so distrust financial intermediaries that they would cast operation of their ledger into monstrously slow, infiexible and environment-massacring gears of a blockchain but, on the other, so lack resources or expertise in distributed ledger technology, that they will hand the entire implementation over to a random startup, who will charge them handsomely, and in perpetuity, for providing an open-source software solution.

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".