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Why blockchain doesn't make sense

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Michael John Pe?a
Michael John Pe?a

In this slide, I talked about why Blockchain as a technology may not be a feasible solution to your problems. This is a lightning talk that I presented in NDC Sydney 2018.

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Why Blockchain doesn¡¯t make sense Michael John Pe?a Senior Consultant, Blockchain SME @Readify Microsoft MVP @mjtpena
¨CMichael John Pe?a ¡°Finding a solid use case for Blockchain is hard because it involves Partnerships, Technical Readiness and Cultural Uplift. But when you found one, it really makes a lot of sense.¡±
You don¡¯t have partners ? You are centralising the governance of the nodes ? A business unit owns and manages the infrastructure ? There is no trust issue that you want to solve
It¡¯s hard to scale ? Public Blockchain (like Ethereum on MainNet and Bitcoin) is expensive and not fast enough. ? Infrastructure cost of semi-private Blockchain is also expensive ? Versioning of ¡°Smart Contracts¡± is painful
Further Challenges ? It doesn¡¯t solve the ¡°Who am I¡± problem in a Decentralised Voting System. Maybe Biometrics can? ? Regulation is getting harder (for Public Apps) ? It gets too complex that has little to no value for end users
Thank you. @mjtpena

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Why blockchain doesn't make sense

  • 1. Why Blockchain doesn¡¯t make sense Michael John Pe?a Senior Consultant, Blockchain SME @Readify Microsoft MVP @mjtpena
  • 2. ¨CMichael John Pe?a ¡°Finding a solid use case for Blockchain is hard because it involves Partnerships, Technical Readiness and Cultural Uplift. But when you found one, it really makes a lot of sense.¡±
  • 3. You don¡¯t have partners ? You are centralising the governance of the nodes ? A business unit owns and manages the infrastructure ? There is no trust issue that you want to solve
  • 4. It¡¯s hard to scale ? Public Blockchain (like Ethereum on MainNet and Bitcoin) is expensive and not fast enough. ? Infrastructure cost of semi-private Blockchain is also expensive ? Versioning of ¡°Smart Contracts¡± is painful
  • 5. Further Challenges ? It doesn¡¯t solve the ¡°Who am I¡± problem in a Decentralised Voting System. Maybe Biometrics can? ? Regulation is getting harder (for Public Apps) ? It gets too complex that has little to no value for end users