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Sellers are crying
Blockchain is advertised as a cure for cancer, but a recent study has shown that it is sold without successful cases.
A study of 43 advanced solutions in the field of international development found no evidence of success.
Three practitioners, including a former blockchain enthusiast, John Burg, Fellow at the US Agency for International Development (USAID), examined the instances of the distributed crypto-register used in a wide range of situations by NGOs, contractors and agencies.
However, they found only a proliferation of press releases, white papers and articles written in a persuasive way.
Burg wrote that he did not find documentation or evidence of the results that the blockchain would have stated in these statements.
"Furthermore, we did not find lessons learned or practical insights, as they are available for other technologies under development."
Blockchain producers were keen to express the benefits of technology, but when the three asked for proof of success on the field, everyone quickly fell silent.
"We did not get any better when we contacted several blockchain companies directly, via e-mail, phone and in person, and nobody was willing to share data on the results of the program, MERL [monitoring, evaluation, research, and learning] processes, or adaptive management for potential scalability. Despite all the clamor about how the blockchain will bring unprecedented transparency to processes and operations in low-trust environments, the sector itself is opaque. "
Burg said he had to curb his enthusiasm for the blockchain.
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