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Blockchain as a service: Difference between revisions
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{{A|g|[[File:Bullshit.jpeg|thumb|center|[[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 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. | {{A|g|[[File:Bullshit.jpeg|thumb|center|[[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 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. | ||
If [[blockchain]] itself is to all intents a bust — beyond the sovereign wallet (and, ahhh, discretely 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 "your Chief Technology Officer". | 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}} | ||
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*[[Blockchain]] | *[[Blockchain]] | ||
*[[Snake oil]] | *[[Snake oil]] | ||
*[[Rent seeking]] | |||
{{Ref}} | |||