I’m unable to find a single article that actually details what “blockchain technology” they’re using, and why. Every English article seems to be a rehash of the same press release - Can anybody find something better in mandarin ?
I've read the article, and many like it, but I can never find an actual explanation of exactly how a problem was solved using blockchain technology.
It's always marketing speak, with reference to all the wonderful properties of "blockchain technology", and diagrams like [1], which could have simply been summed up in three words: "no payment intermediary". Although... doesn't that diagram look like they just changed the intermediary's name from "Payment Intermediaries" to "BCSIS Blockchain platform", plus added some cool-looking server icons?
But the source code will almost certainly never see the light of day, so we will never really know how they use blockchain technology. At the end of the day, I think it's a lot more likely that this bank's software provider created a new solution and just said it has "blockchain technology" because it's a vague buzzword, and then the bank released a press release based on this, again because of the buzzword effect.
The article doesn't really mention blockchain other than 2 times quickly, it seems like everyone in this comment section seems to believe that though as if they said you MUST use blockchain at every step of building something like this.
This always comes up as one of the theoretical use cases or when a big company says they are doing blockchain now (which in reality is a small team evaluating if this new technology is worth it for them).
Do you have a source for where this is actually use in production and not as POC in a lab?
"Blockchain has transformed the face of technology in the past couple of years. The global blockchain market is supposed to reach a valuation of $1431.54 billion by the end of this decade. With so many advanced capabilities of this technology, everyone wants a piece of the pie."
The article doesn't give a single example of this amazing transformation. Not one example of a real-world application. Nor does the article explain the ridiculous valuation, over 5% of current US GDP.
If you want to get in on this technology juggernaut start by learning the difference between SHA-1 and SHA2. Be sure tomhire the "best people." How did I miss this technological revolution? Sheesh.
> Calling this "Blockchain" sounds like buzzword bingo to me.
First of all, our main technology is multilingual natural language processing, but not blockchain. But we use blockchain protocols to create training collections in the same way as many similar projects like DBrain do.
> more live demos and meaningful comparisons to the many competitors in this space.
1. We use our chatbot as the smart demo of all our technologies.
2. Non of our competitors are working properly.
3. Non of them supporting this amount of languages we do (such as Chinese, Japanese, Arabic and etc.).
4. Non of them having features we have (multilingual summarization, audio summarization, news aggregation and etc.)
Besides, we have a lot of advantages that make us really unique and different from our competitors:
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Sorry, I haven't found a serious technical source of blockchain/crypto news either and I suspect this is because there are (still) few people that understand cryptos in depth, as well as have time to write news about it.
The vast majority of projects out there are pure speculations and a decent scan through their blog posts, whitepapers and activity on their public repos should be enough to decide if they're building something meaningful (and worth to follow long term) or not.
Did they not lose you as soon as you read "blockchain"?
Their blockchain neither has block nor chain as I seem to recall. If the company is already lying in their whitepaper, what exactly are you expecting from the real thing?
No. I don’t really follow them closely, I just thought their marketing page was a good list of possible use cases.
The article did a good job explaining what general problem blockchain solves, but didn’t give me a very good idea of what problems one might try to solve beyond existing implementations.
Sounds similar to crypto-talk: "but you don't understand, it's based on blockchain". It doesn't matter what technology is used, but what action is done.
This reminds me of a previous job. The management—none of which were technical people—just loved the idea of investigating “the blockchain” and “IoT” and “machine learning” and “AI”, but had no clue what it meant. I left after a couple of months.
Has anyone else read this article and had the same experience as me? I genuinely second guess myself when reading it: have I lost the ability to read? Am I stupid? I read all these words on the page yet I have absolutely no comprehension of what was said. What on Earth was written on the “formalising humans on the blockchain” section for example? There sure are a lot of words, but nothing actually got said.
What, exactly do they want to do with a blockchain and why? It’s a simple question.
Oh, they have some cryptocurrency token they want to sell. Gotcha.
It's really hard to understand from all the complex financial lingo what the benefits of using it are (as opposed to a managed DB). The word blockchain isn't even mentioned once on that press release or the website of the company that supposedely created it.
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