I went looking recently for success stories in the blockchain space. I was looking for real projects, actual implemented applications that use the unique qualities of blockchain architecture — distributed, open, anonymous, secure, redundant — to achieve some real-world task.
What I found was what I’ve found every time I’ve done this: lots of breathless articles with misleading titles and no substance, full of links to “real world success stories” that turn out to be puff pieces about the future of blockchain with no references to existing systems or real-world implementations.
As I’ve written elsewhere, I think blockchain is a niche technology that can rarely compete with more traditional information technology solutions. It’s an architecture that solves a specific collection of problems that is relatively rare, and solves it in an expensive and complicated way. It may find a successful niche outside of the narrow domain of cryptocurrency speculation, but I will be very surprised if it makes significant inroads in conventional IT domains.
In fact, I think it will be off the radar in three years.