For all the hype around blockchain, many enterprises remain hesitant to make the leap. The hesitation is not about whether blockchain has potential. It is about risk. Most blockchain projects today require committing to a single chain, which is placing a long-term bet on a rapidly shifting market. If the chosen chain fails, becomes too expensive to operate on or is outpaced by competitors, that investment could quickly unravel.
Enterprise customers clearly don't agree, or at least they didn't in January, when analysts spoke of tepid sales figures. Many biz users felt the 57 percent higher average purchase price and a lack of killer apps just didn't tick the box. When we looked again in July, the situation wasn't any better. Businesses didn't care about exclusive features such as Recall.
AI hype is following a well-worn path. During the dot-com boom, we were promised the internet would bring an overnight revolution. While it was revolutionary, some changes arrived quickly, but most unfolded over years, marked as much by failures and false starts as by lasting breakthroughs. I was at Inbound in San Francisco last week, and the AI hype was overwhelming. Conversations were either focused solely on the tactical use of AI or, interestingly, on reframing AI in our minds.