Difference between revisions of "Blockchain as a service"

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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.
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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 people who, one one hand, so distrust financial intermediaries that they would cast the 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]] 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 an [[open-source software]] solution for them.
  
 
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.
 
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.

Revision as of 03:44, 9 November 2019

The Jolly Contrarian’s Glossary

Blockchain as a service. Also known as “BS”.

The snippy guide to financial services lingo.™
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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 people who, one one hand, so distrust financial intermediaries that they would cast the 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 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 an open-source software solution for them.

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.

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".

See also

References