Blockchain’s Occam problem
Matt Higginson, Marie-Claude Nadeau, Kausik Rajgopal,
McKinsey,
Jan 10, 2019
The Occam problem is this: unless and until blockchain becomes the simplest and most effective technology to do a job (any job) it will not be widely adopted. Yet despite huge investments, blockchain has yet to meet this challenge. We shouldn't be surprised. "It is an infant technology that is relatively unstable, expensive, and complex. It is also unregulated and selectively distrusted." As I commented to a colleague today, the applications of blockchain will not be the obvious ones (like, for example, registering credentials) but rather the rhizomatic ones (where, for example, some underlying technology (like, say, merkle trees) spreads from industry to industry in a generally underground manner.
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