[Analysis] Why blockchain is not the answer - Jimmy Song

Five years removed from the 'Blockchain, not Bitcoin ($BTC)' rhetoric, the industry has nothing to prove for all its talk. Blockchain technology was a supposed panacea to all business-ills, the result of ignorance and maliciousness. While engineers touted it as an all-in-one solution, business leaders bought into the hype enforced by social consensus. What businesses truly need is the opposite: centralized, upgradeable, and scalable systems. Bitcoin is the only system to use blockchain in a meaningful way and the last five years of standstill from blockchain products only further proves its lack of use-cases.