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Maersk, the shipping giant, has also announced that it is winding down its efforts to use a blockchain to manage supply chains.
A recent blog post by Tim Bray, who used to work for Amazon Web Services, tells us why Amazon chose not to implement a blockchain of its own: It couldn’t get a straight answer to the question, “What useful thing does it do?” ...
Add in the costs associated with other tokens and the resources burned up in abortive efforts to apply a blockchain approach to everything, and we’re probably talking about waste on an epic scale.
See the full story here: https://www.nytimes.com/2022/12/01/opinion/blockchains-what-are-they-good-for.html