Bitcoin is overhyped. If you read my piece from earlier this spring – Spare the Bitcoin Spoil the Blockchain – you know I won’t be making any speculative bets on the crypto market. But what about blockchain, the distributed database and ledger system that powers bitcoin?
My quick take: There’s a lot of hype, a lot of talk and even more questions. But there is undeniably demand for solutions. Some analysts are projecting the market for blockchain-related products and services will reach $14 billion over the next several years. Interestingly, a lot of the buzz comes from technology companies that have nothing directly to do with blockchain.
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