For our predictions for 2018, we said to expect that bitcoin and blockchain would generate a lot of coverage — much more than prior years. We said bitcoin and crypto currencies would generate a lot of coverage even though most people won’t be investing in them.
That seems to be an accurate assessment.
Just check out two media pieces new this week.
- Wall St. Journal: Why Blockchain Will Survive, Even If Bitcoin Doesn’t: Latest blockchain applications could bring overdue change to critical, if unsexy, functions in shipping, real estate and…diamonds by Christopher Mims, who writes the “Keywords” weekly tech column.
- “Cryptocurrencies: Everything You Don’t Understand about Money Combined with Everything You Don’t Understand about Computers,” which appeared on “Last Week Tonight” with John Oliver.
Check out both, they’re worthwhile. This is the first time we’ve noted a trend being validated by John Oliver, whose “Last Week Tonight” is perhaps the funniest of the comedy news programs.
We still feel that bitcoin and cryptocurrencies won’t go mainstream in terms of wide ownership or use of them by the general public. But we do think Mims is right that — once the hype about blockchain subsides — there is a blockchain has the potential for surviving and transforming industries.
What do you think? Will blockchain be the next cloud computing, which seems to have had a long-term impact on business? Or is it like Netscape — a pioneering tech that spawned an industry while failing? Or like Google Glass (cited by John Oliver), an interesting idea that didn’t solve a real need for people right now?
Let us know what you think.