Blockchain Technology in recent years has caught a big stir! Reminds the situation of the emergence of the first online stores and cloud computing, then there was a similar situation.
Do you remember the days of the Internet boom?
Then absolutely every people and each company switched to "business on the Internet."
The rapid development of companies such as Amazon or eBay has caused the great attention of people to the new opportunities offered by the global network.
Then there were many companies that used the mention "Internet" as a kind of "magic spell."
This helped them easily receive significant investments but not only from venture funds but also from more traditional financial institutions.
A similar hype can be observed with blockchain-technologies.
The blockchain is definitely an important technology. But some firms overly exaggerate its usefulness or simply call the already existing services, which are deprived of the fundamental components of the blockchain technology. There was one funny incident, which clearly shows this problem:
In December 2017, Long Island Iced Tea shares rose at 432% after adding the word “blockchain” to the company's name, and Long Island’s market capitalization rose to $ 70 million.
And now, when the noise around the blockchain is so bloated, some companies refuse to use this word at all.
In a new report where Forrester Research says that the word "blockchain" for some companies is now being replaced with the abbreviation DLT - distributed ledger technology. The word, though not so memorable, but partially describes the essence of the technology.
I think that these words will, in any case, be used in the community, as they have already thoroughly entered into our slang.
What do you think?
Will blockchain disappear?