Bitcoin Forum

Steve Chiavarone, VP at financial services firm Federated Investors, talked-up blockchain in an interview with CNBC May 11, calling the technology an “economic growth driver” and listing it among five “key technologies” that he believes will “drive this next industrial revolution.” Full article on NewsBTC (https://www.newsbtc.com/2018/05/13/blockchain-economic-growth-driver-set-to-drive-next-industrial-revolution/)

I really doubt this, everyone were hyping blockchain in the recent few years, and we still have zero big success stories. People keep saying that soon it will revolutionize every industry, but there's no signs of it actually happening, especially when almost all ICO's eventually fail. And even if people will be successfully using blockchain outside of Bitcoin, other technologies will be way more worthy of comparison with industrial revolution - AI, robotics, clean energy and other cutting-edge technologies are way more exciting than blockchain.

I think blockchain can definitely make a contribution to security and flexibility, but I don't see how blockchain will be that transformative from a corporate perspective. The real power of blockchain is the decentralization of power that is possible, something corporations and governments have no interest in.

I would say Blockchain is too fundamental and we should wait for the time when it will become widely used in some industries. Anyway, we can see that some fields needs blockchain (for example, supply chains will be more effective, we can see Maersk and Carrefour examples here), also the privacy sphere can be a bit fixed with such companies as Bitclave.