Thread by @DamelonBCWS

Skimming the Deloitte Survey at the moment.

Some true "Oh my!" moments in there...

You can find it here, bywww2.deloitte.com/us/en/pages/co…Tfs62tTCcy

Let's start with the level of the resDOlLmSLu3Z

So we are talking about the people making the actual decisions here. Majority is C-Level.

Next up, how well do these C-Levels judge their own "blockchain expertiWpXMXItcD8

The respondents of most industries overwhelmingly judge themselves to be "experts".

I'd say chances are good this also means they are less likely to be swayed off a set course...

So, what do these experts think are worthwhile blockchain applications?

Supply chain tops the list, which is a bit of a blessing, IMO. At least it makes some sense there.

But IoT and Identity rank high, although some think Voting is also great.

Couple that with the drawbacks they see.

Privacy issues rank very low, and lack of technical expertise is also much less than you'd expect for a new technology that has broader implications than just tech.

Regulations are seen as the top issue...

So WHY do these C-Level Experts want "blockchain tech"?

Well, apparently because blockchains are faster and more secure and less risky.

Something I never knew. But then, apparently this is what they teach you at Blockchain UnP7OrXeImQY

Joking aside, it is horrifying this is their belief (and it IS a belief and certainly not a fact!).

Blockchains are slow by design (for security, ironically). If you speed them up, you face trade-offs, if it works at all.

More secure is dependent on the type of blockchain, consensus mechanism, distribution of users etc., so you cannot use that as a blanket metric at all.

It's shocking to see it being used as such.

Leaving shock behind, what kind of systems are they using then?

Try not to laugh, it's impolite.

Yes, that's right: permissioned and private blockchains.

You know, those things that are worse than current databases in all respects.

Feel free to read up about my opinions on them:
baswisselink.com/articles/permi…
baswisselink.com/articles/permi…

I must say, this survey gave me the cold shivers for at least threereasons:

1. Because there is a world of money-losing hurt out there that's heading our way. These businesses will fail royally if this is the state of their understanding.

2. Because companies and startups that DO know what's what will have almost no real competitions except each other in this space. That is bliss and means they will blind-side these expert C-Levels in the future.

3. My own business will have plenty to do: teach and disseminate.

I sincerely hope all respondents to this survey will in future learn more, and realise things are not as easy as they think they are.

They can ask mr. Dunning and Kruger for advice if need be.