I have heard this comment many times:
“Blockchain” is a solution looking for a problem.
That is incorrect – here’s the problem statement, originally articulated in 2008:
The problem statement, to paraphrase, is
“How do people pay each other electronically without being at the behest of Financial Institutions?”
The proposed solution is:
“Bitcoin”
Continue reading “No, “Blockchain” is not a solution looking for a problem”