I used to think that the blockchain bubble was like the dotcom bubble, in that the core technology was actually genuinely transformative, so that even after the bubble burst and all the over-valued companies went bust, the technology would remain and continue change our lives. However, I must admit I'm starting to have my doubts now.
It was 10 years in to the dotcom era that the dotcom bubble burst, and by that time we'd had massive maturation of the technology and the start of mass adoption.
However, we're approaching 10 years since the start of the blockchain era, and there are signs that the bubble is bursting already, but in terms of progress it is nowhere near where the dotcom era had got to by this stage, and there's not much indication of anything that appears that it will be particularly long lasting or widely adopted. Sure there's niches like settlement systems and security tokens, but not something that a member of the public is going to use on a daily basis like they do with many of the internet based companies.
It was 10 years in to the dotcom era that the dotcom bubble burst, and by that time we'd had massive maturation of the technology and the start of mass adoption.
However, we're approaching 10 years since the start of the blockchain era, and there are signs that the bubble is bursting already, but in terms of progress it is nowhere near where the dotcom era had got to by this stage, and there's not much indication of anything that appears that it will be particularly long lasting or widely adopted. Sure there's niches like settlement systems and security tokens, but not something that a member of the public is going to use on a daily basis like they do with many of the internet based companies.