If we look at the life cycle of technologies, we see an early period of over-enthusiasm, then a 'bust' when disillusionment sets in, followed by the real revolution.
Blockchain is like the new big data or AI - too many people are using it as a buzzword and not focused solving a real problem. We like to call them Blockchain tourists!
In my opinion, right now there's way too much hype on the technologies and not enough attention to the real businesses behind them.
A lot of people get really seduced by demos of the next display technology. I myself fell under that spell for about 20 years.
To the small group of editors and designers who would launch Wired in January 1993, technology represented the future's best hope; but to the media, the tech boom was yesterday's story.
Distributed ledger technology is fashionable. In fact, if you could wear it, you'd put Ralph Lauren out of business, at least in my case.
Tech stocks were the cubic zirconium of the market. They looked good and were sexy, but they just were a way for the company selling them to make money. That's always going to be transient in terms of the stock market. What's real is that companies have to compete. Technology used well is a great tool to enable that if only because most companies dont use technologies well.
As befits Silicon Valley, 'big data' is mostly big hype, but there is one possibility with genuine potential: that it might one day bring loans - and credit histories - to millions of people who currently lack access to them.
When new technology in the classroom starts happening, some people get very excited and think of it as a panacea. It attracts very high amounts of money; it raises expectations, and those expectations aren't met.
