The Battle Between Private and Public Blockchains

The Battle Between Private and Public Blockchains

Computers, Internet, and Mobile Phones

The earliest known citation on the Internet is dated to 1986. It was attributed to Thomas J. Watson and posted in the signature of a poster from Convex Computer Corporation saying — “I think there is a world market for about five computers”. “Baloney. Do our computer pundits lack all common sense? The truth is no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works” — argued by Clifford Stoll, computer scientist in a featured article titled “The Internet? Bah!” published in Newsweek magazine. The go-to mobile business plan of Vodafone projected could sell only 1 million phones.

All these prove that there is a tendency to underestimate the real impact and commercial potential of technologies as there are no existing realistic use cases developed, or the technology is not mature yet to unleash it’s true potential.