Maesrk & IBM shutting down blockchain shipping platform

[The_Krakenite]

You could say the same thing about the US dollar.

 

[VicBee]

https://www.telegraph.co.uk/busines...y-specialists-jet-bahamas-battle-control-ftx/
Separately, the European Central Bank (ECB) launched an attack on Bitcoin. It said the apparent stabilisation of Bitcoin's value "is likely to be an artificially induced last gasp before the crypto-asset embarks on a road to irrelevance".

The digital currency is "not suitable as an investment" according to the article by Ulrich Bindseil, director general of the ECB's market operations, and advisor Jürgen Schaaf. He warned that Bitcoin's market valuation is "based purely on speculation" and warned that "regulation can be misunderstood as approval".

Off subject

 

[destriero]

Prolly nothing...

https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens

Copenhagen - A.P. Moller - Maersk (Maersk) and IBM today announced the decision to withdraw the TradeLens offerings and discontinue the platform.

TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved. As a result, TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an independent business.

Rotem Hershko
Head of Business Platforms at A.P. Moller - Maersk
​

Looks like those who were skeptical that BLOCKCHAIN!!! had any real-world value-add for industries like shipping are being proven right by the marketplace.

The blockchain is too cumbersome for anything mission-critical. Peak stupidity. I would have loved to see the pitch... "We have these Happy Meal toys entering Long Beach and look! The manifest is on the blockchain!!"

 

[vanzandt]

I agree 100%.

And while on that note, just look at all these FAILED car models! Once again, proving that after all this time, there is no real-world value-add for automotive industries.

View attachment 300512

That GTO Judge has beat the S&P quite handily fwiw.

I wonder why the borrow rate on GME is so low, and there's no shortage of shares to short really.
They report next Tuesday. NFT's were supposedly the thing that would send GME to $1000+ or at least that's what its Hodlr's say (said).
Straddle is about 14% +/-
Hmph.

 

[newwurldmn]

The blockchain is too cumbersome for anything mission-critical. Peak stupidity. I would have loved to see the pitch... "We have these Happy Meal toys entering Long Beach and look! The manifest is on the blockchain!!"

walmart is supposedly using block chain to track lettuce to curtail the impact of e coli breakouts. I don’t know why they just don’t use a relational database.

 

[2rosy]

The blockchain is too cumbersome for anything mission-critical. Peak stupidity. I would have loved to see the pitch... "We have these Happy Meal toys entering Long Beach and look! The manifest is on the blockchain!!"

I disagree with this. Using the blockchain is so simple that you see exchanges popping up all over, tokens/nfts created, derivatives of tokens created, smart contracts that can do anything; all without needing much of an infrastructure, just some lines of code.

 

[ph1l]

walmart is supposedly using block chain to track lettuce to curtail the impact of e coli breakouts. I don’t know why they just don’t use a relational database.

You're not the only one wondering why blockchains are needed for Walmart's lettuce.
https://www.nytimes.com/2018/09/24/business/walmart-blockchain-lettuce.html

Blockchains are supposed to make it possible to keep updated databases without any central authority in charge. But currently, all of the records for the Walmart blockchain are being stored on IBM’s cloud computers, for Walmart’s use. That has led to questions about why a distributed database like a blockchain is even necessary.

“The idea is right but the execution seems off,” said Simon Taylor, the co-founder of 11:FS, a consulting firm that advises companies on blockchain adoption. “IBM took new tech that doesn’t need a middleman and made themselves the middleman.”

That being said, it's easy to see how lettuce absolutely needs blockchain.
https://opensea.io/collection/lettuce-headz-club

 

[destriero]

I disagree with this. Using the blockchain is so simple that you see exchanges popping up all over, tokens/nfts created, derivatives of tokens created, smart contracts that can do anything; all without needing much of an infrastructure, just some lines of code.

lol

 

[johnarb]

I disagree with this. Using the blockchain is so simple that you see exchanges popping up all over, tokens/nfts created, derivatives of tokens created, smart contracts that can do anything; all without needing much of an infrastructure, just some lines of code.

For the love of anything you consider holy, please look at what a blockchain is and does

It's a public ledger. Stop. Think about it

Don't confuse blockchain with other stuff

You can put everything that is on a blockchain on a spreadsheet with about 30-50 rows. Some crypto assets have more attributes per the design, but this is consistent throughout all the blocks

The power of the blockchain is it enables decentralization when it's distributed throughout thousands of nodes and coupled with independent block-validators that are the gatekeepers of block security

Decentralization matters for crypto assets but I have no idea why it would for centralized entities like Walmart or the Pharma company given the tradeoffs, i.e slow

Don't believe me, go to the blockchain and examine every block and every transaction within each block. They all contain the same types of data

https://www.blockchain.com/explorer/blocks/btc?page=1

 

[2rosy]

For the love of anything you consider holy, please look at what a blockchain is and does

It's a public ledger. Stop. Think about it

Don't confuse blockchain with other stuff

You can put everything that is on a blockchain on a spreadsheet with about 30-50 rows. Some crypto assets have more attributes per the design, but this is consistent throughout all the blocks

The power of the blockchain is it enables decentralization when it's distributed throughout thousands of nodes and coupled with independent block-validators that are the gatekeepers of block security

Decentralization matters for crypto assets but I have no idea why it would for centralized entities like Walmart or the Pharma company given the tradeoffs, i.e slow

Don't believe me, go to the blockchain and examine every block and every transaction within each block. They all contain the same types of data

https://www.blockchain.com/explorer/blocks/btc?page=1

correct, it is a decentralized validated ledger. I don't think it is useful inside a single company but it is useful for a platform like TradeLens. I developed against a few blockchains and it isn't cumbersome at all. In some cases it's easier than standard practice.