It has become impossible to tell managers mesmerised by artificial intelligence that the tools are not, in fact, helpful. So employees just play along with the fiction to keep their jobs, writes our tech columnist
In other words, corporate leadership is starting from the premise that AI has (or will) radically change the business, and they’re working backwards from that premise to find the evidence to support this article of faith.
Sounds familiar. The proof-of-work blockchain scheme which was the fad a while ago is also often described as a solution in search of a problem.
I feel like block chain as a public ledger has found quite a few purposeful uses, and was a solution to a handful of problems most people rarely if ever encounter. Then fake money got involved
The core issue feels like the dead torrent problem.
Its distributed, so it needs to be hosted, by several locations. Which becomes probitive over time as.it becomes huge. Its also massively inefficient for what its trying to do.
At some point, its basically just one server farm somewhere hosting a glorified MySWL database that doubles as a space heater for the entire planet every time you need to add a row.
It can still be used that way. While most people talk about how corrupt politicians enrich themselves with fake currencies, more legal and legitimate uses can still use decentralized ledgers for useful things. Of course these won’t make headlines.
Well no, because we don’t have a problem that blockchain solves (better than open software, if it must be digital), and there are loads of problems that the blockchain doesn’t solve. Like how am I supposed to vote with that thing under no coercion.
I’m glad you specifically pointed out proof-of-work blockchains.
They’re very inefficient (economically and ecologically) by design. In almost all cases this design isn’t warranted.
Alas there are other designs and while most of them are rubbish as well, a few ones are doing things quite right.
I hope that just like other schemes than proof-of-work were thought of regarding blockchains, there will be AI models that are way, way more efficient and ideally can be run locally - for those cases that can use AI…
Sounds familiar. The proof-of-work blockchain scheme which was the fad a while ago is also often described as a solution in search of a problem.
I feel like block chain as a public ledger has found quite a few purposeful uses, and was a solution to a handful of problems most people rarely if ever encounter. Then fake money got involved
The core issue feels like the dead torrent problem.
Its distributed, so it needs to be hosted, by several locations. Which becomes probitive over time as.it becomes huge. Its also massively inefficient for what its trying to do.
At some point, its basically just one server farm somewhere hosting a glorified MySWL database that doubles as a space heater for the entire planet every time you need to add a row.
I was thinking that with legal backing, blockchain could be a good record of ownership for deeds. Like NFTs but for physical property.
The history of ownership and the public visibility are good features there.
Lack of reliable, authoritative attribution of changes and no rollback or compensatory transactions are all dealbreakers.
Yes, exactly.
Block chain would have been an amazing solution to most democratic vote validation processes.
It can still be used that way. While most people talk about how corrupt politicians enrich themselves with fake currencies, more legal and legitimate uses can still use decentralized ledgers for useful things. Of course these won’t make headlines.
There are far better global ledger approaches than blockchain.
I believe you, but can you name one so we can all learn more about the alternatives out there?
SWIFT is the easy one. Fun fact they looked into blockchain at one point and went “yeah, nah”
I thought Swift is currently Block-Chain based. Do you mean this Swift?
Well no, because we don’t have a problem that blockchain solves (better than open software, if it must be digital), and there are loads of problems that the blockchain doesn’t solve. Like how am I supposed to vote with that thing under no coercion.
I’m glad you specifically pointed out proof-of-work blockchains.
They’re very inefficient (economically and ecologically) by design. In almost all cases this design isn’t warranted.
Alas there are other designs and while most of them are rubbish as well, a few ones are doing things quite right.
I hope that just like other schemes than proof-of-work were thought of regarding blockchains, there will be AI models that are way, way more efficient and ideally can be run locally - for those cases that can use AI…
That’s top down thinking for you.