1 year ago

It’s hard to think of a technology more championed for its potential than blockchain. At the same time, I don’t know of another technology associated with more deployment failures and abandoned projects — the latest being the https://www.coindesk.com/business/2022/11/30/ibm-and-australian-stock-markets-blockchain-projects-failed-a-blow-to-private-ledgers/ of Maersk/IBM TradeLens and the Australian Securities Exchange’s blockchain. It’s not hard to see why so many business and technology leaders got excited about blockchains.

It’s no wonder that even well-designed and fully funded blockchain projects by Fortune 100 companies have continued to fail left and right: The technology simply wasn’t ready for use in a corporate environment.

Blockchain project failures to date don’t mean the technology is doomed forever.