"If you announce that you are updating the database software used by a consortium of banks to track derivatives trades, the New York Times will not write an article about it. If you say that you are blockchaining the blockchain software used by a blockchain of blockchains to blockchain blockchain blockchains, the New York Times will blockchain a blockchain about it"
The whole article is fairly insightful, as his often are:
The article on the front page about Accenture today is a great example. People are using it as a buzzword. Blockchain isn't snake oil, but it's sure being peddled by a lot of snake oil salesmen.
And to quote Tracy Alloway, also Bloomberg: "you can replace the term 'distributed ledgers' with 'shared Excel sheets' in about 90 percent of talk about blockchain and finance"[0]
"If you announce that you are updating the database software used by a consortium of banks to track derivatives trades, the New York Times will not write an article about it. If you say that you are blockchaining the blockchain software used by a blockchain of blockchains to blockchain blockchain blockchains, the New York Times will blockchain a blockchain about it"
The whole article is fairly insightful, as his often are:
https://www.bloomberg.com/view/articles/2017-01-10/bank-bloc...
The article on the front page about Accenture today is a great example. People are using it as a buzzword. Blockchain isn't snake oil, but it's sure being peddled by a lot of snake oil salesmen.