A House of Commons Committee has heard there has been little to no progress on blockchain technology since it first emerged in 2008. The comments may have fallen on deaf ears, however, as there are growing signs that the U.K. is set to further embrace blockchain.
Forever-skeptic David Gerard made the statement to the Science and Technology Committee last Wednesday, in testimony that went largely unnoticed at the time. Earlier today, the committee reposted Gerard’s polemic to its Twitter account, successfully garnering more attention.
According to Gerard, blockchain was all about promising something “fabulous” in the future, while failing to deliver anything worthwhile in the present.
“You’d expect more to show by now,” said Gerard. “It’s been 13 years. Consider other technologies that came to prominence around the same time. The iPhone. If we were sitting here 13 years later going, ‘I wonder if anyone will find a really good use for an iPhone,’ it wouldn’t be convincing.”
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