<
https://davidgerard.co.uk/blockchain/2024/06/12/the-australian-securities-exchange-chess-blockchain-seven-years-of-sunk-cost-fallacy/>
"Enterprise blockchain never made any sense. A slow data store was never going
to magically make your business or bureaucracy more efficient. Because magic
doesn’t happen.
That didn’t stop the fierce and dedicated pursuit of the dream — nor setting
millions of dollars on fire in the process.
In 2015, the Australian Securities Exchange’s CEO-before-last, Elmer Funke
Kupper, got a blockchain bee in his bonnet. “Every now and then, something
comes along that might just change everything. And this is one of those
moments,” he told the
Sydney Morning Herald. [SMH, 2016]
In 2022, ASX finally shut down its blockchain trading system project — after
seven years of no results and AUD$250 million up in smoke."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
