(Replying to PARENT post)

I think Microsoft and others like IBM failed to β€œget it”. They tried to adopt blockchain tech without the cryptocurrency aspect, failing to realize there needs to be a built-in incentive structure for people to participate on any blockchain network. Mining, staking, and other proof / reward systems are required for any blockchain tech to get off the ground.
πŸ‘€programmarchyπŸ•‘4yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Agree, and this quote from the OP's link is humorous in that regard:

"While blockchain is best known for its association with cryptocurrencies, it has applications beyond this field."

This sentiment is just thrown around without evidence. Either a blockchain has an internal reward mechanism to account for the increased costs associated with it's execution or it is simply a more complicated and expensive database looking for a problem to solve...and also is likely not decentralized.

πŸ‘€PKopπŸ•‘4yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Hyperledger Fabric uses Proof of Authority and is still being used for projects. Being antithetical to the crypto crowd it doesn't get the same fanfare. The target user base is very different.

I personally would reach for this tech stack before the permissionless variety, I just don't have anything that needs blockchain.

πŸ‘€verdvermπŸ•‘4yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

Considering the prevailing incentives are all criminal, no wonder they failed to "get it" [sic]
πŸ‘€snotrocketsπŸ•‘4yπŸ”Ό0πŸ—¨οΈ0

(Replying to PARENT post)

IBM and Microsoft cater to enterprises. Enterprises whose entrenched positions are challenged by decentralized systems. Centralizing a decentralized system is done either to bootstrap it (optimistic) or embrace, extend, and extinguish it (pessimistic). A corporation alone might not need a blockchain, but has no choice but to participate if that’s where the market is, and a consensus of participants (no pun intended) is who determines that technology (not corporate procurement).

https://en.wikipedia.org/wiki/Embrace,_extend,_and_extinguis...

πŸ‘€toomuchtodoπŸ•‘4yπŸ”Ό0πŸ—¨οΈ0