Blockchain

‘Enterprises Of Blockchain Developers Is In A Trough Of Disillusionment,’ Says Tim Swanson.

Tim Swanson is one of the very few people who has been in the industry of blockchain development for a very long period of time. The factor which surprises us is that he has managed to stick to his perspective on this form of technology and he still shares a sceptical and pessimistic view on the development of blockchains in the future. Tim has been in this game for too long and from observations, we can clearly say that he has a tendency for going out on a limb and out of his comfort zone to carry out thorough research within the blockchain region. This has been made quite clear from the various books and blogs that he has written over time.

He is currently working as the director of research at the Post Oaks Lab. However, he had carried out one of his most recognised work when he was working as the director of market research at R3. R3 was the first enterprise to host blockchain consortium to provide assistance in the industry for financial services. During his time at R3, Tim has been reported to be working and analysing on the performances of numerous entities which include varieties of companies, start-up businesses and universities who had been carrying out various methods to initiate the beginning of a kind of blockchain.  From his analysis and reports, we were acknowledged on the various types of business operations and blockchains which were present in the early days of the businesses. These include operations and blockchains in which good, bad and ugly were present altogether at the simultaneously.

From further explorations, we can say that Tim’s strict point of view can help the market to find a new solution for the problem which we have observed from the recent price changes of Bitcoin in the exchange market for virtual currencies. It is always vital to keep in mind how this blockchain technology came into existence, especially, in such a time where millions of individuals are rushing into this market of cryptocurrency and how most people are talking about blockchain technology as this trend keeps on continuing further.

Tim has been reported to have stated that it is not a smart move to begin to blindly trust and follow a new technology which is still in its early stages.  Also, he has talked about how similar trends had appeared in the history of technology where most of these turned out to be potentially useless and were only a part of a trend set by certain individuals.

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