The enterprise blockchains and tokens appearing from major global corporations are “nonsense,” the CEO of cryptocurrency-based payment platform Abra has declared.
Barhydt: Enterprise Blockchains Are 90s Internet Hype
Speaking to Fortune in a recent appearance on its Balance the Ledger segment, Bill Barhydt delivered still rare mainstream media criticism of the emerging enterprise blockchain sector.
The current climate, he argued, is similar to the internet hype of the late 1990s.
“For about a year-and-a-half everybody was talking about this term, ‘Extranet’… taking the internet and making it work inside the firewall,” he recalled.
It’s exactly what’s happening with this enterprise blockchain nonsense; where people have this fallacy that they’re going to make blockchain work inside the firewall. It’s all going…