ANZ rips apart blockchain, catalogues its big list of non-uses
Julian Bajkowski
itNews
Mar 25 2019
https://www.itnews.com.au/news/anz-rips-apart-blockchain-catalogues-its-big-list-of-non-uses-522872
One of Australia’s Big Four banks, ANZ, says it’s run ruler over the
supposedly transformative technology and, to put it mildly, it’s neither
impressed or convinced of the promise of a revolution in trusted
transactions is just around the corner.
...
... while blockchain has real and demonstrable benefits in specific
situation many projects or problems “do not necessarily need it and are
better off using existing good old databases and technology solutions.”
Pity the ANZ monitors neither Steve Wilson's blog nor posts to link,
because they'd have had chapter and verse, gratis, a while back:
In mid-2016:
Steve:
http://theconversation.com/blockchain-really-only-does-one-thing-well-62668
Roger: http://www.rogerclarke.com/EC/BCD.html
Maybe they waited for NIST to catch up, which took until Oct 2018:
https://www.itnews.com.au/news/dont-bother-with-blockchain-databases-or-even-email-could-be-better-513814
--
Roger Clarke mailto:[email protected]
T: +61 2 6288 6916 http://www.xamax.com.au http://www.rogerclarke.com
Xamax Consultancy Pty Ltd 78 Sidaway St, Chapman ACT 2611 AUSTRALIA
Visiting Professor in the Faculty of Law University of N.S.W.
Visiting Professor in Computer Science Australian National University
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