{"id":2533,"date":"2018-10-23T17:01:01","date_gmt":"2018-10-23T16:01:01","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=2533"},"modified":"2024-01-15T12:34:06","modified_gmt":"2024-01-15T12:34:06","slug":"blockchain-interesting-but-hyped","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/","title":{"rendered":"Blockchain &#8216;Interesting&#8217; But Hyped"},"content":{"rendered":"<p><b>Blockchain not the best technology for every considered use, says Australian government report.<\/b><\/p>\n<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">2 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2535\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/australia-blockchain-interesting-but-hyped-e1540310176919.jpg\" alt=\"Australia: Blockchain 'Interesting' But Hyped\" width=\"700\" height=\"389\" \/><br \/>\n<span style=\"font-weight: 400;\">What a change!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In May, Australia&#8217;s Department of Home Affairs revealed a plan to investigate<a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain\"> blockchain&#8217;s<\/a> potential to bring secure and transparent international trade and supply chain management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The chief digital officer of Digital Transformation Agency (DTA), Peter Alexander said: &#8220;Blockchain: Interesting technology but early on in its development, it&#8217;s kind of at the top of a hype cycle.&#8221; \u00a0Alexander said at a parliamentary committee meeting on Tuesday, as reported by <\/span><a href=\"https:\/\/www.zdnet.com\/\"><span style=\"font-weight: 400;\">ZDNet<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He was further quoted as saying that most of the hype comes from companies seeking to make profits in this area.<\/span><\/p>\n<blockquote><p><strong>&#8220;It&#8217;s not that we don&#8217;t trust any of the vendors \u2013 that would be an unfair characterization \u2013 we trust the vendors, but note that the motivation is general sales and making revenue.&#8221;<\/strong><\/p><\/blockquote>\n<p>He said standardization of blockchain might open up more opportunities for its use in providing government services.<\/p>\n<blockquote><p><strong>\u201cWe\u2019re not saying that blockchain doesn\u2019t have potential but today, without standardization, there is the challenge of blockchain becoming a little fragmented. When we get to the standardized blockchain then the opportunities for it will grow.\u201d<\/strong><\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#There_is_better_technology\" >There is better technology?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#Interesting_timing\" >Interesting timing\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#Unfortunately_Australia_is_not_an_isolated_case\" >Unfortunately, Australia is not an isolated case.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#China_banned_crypto\" >China banned crypto<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#Unlike_Australia_and_China_UK_leads_the_way_in_blockchain_deployments_for_the_supply_chain\" >Unlike Australia and China, UK leads the way in blockchain deployments for the supply chain.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#United_Kingdom_example\" >United Kingdom example<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"There_is_better_technology\"><\/span><strong>There is better technology?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Alexander continued, saying that, &#8220;for every use of blockchain you would consider today, there is a better technology.&#8221; <\/span><br \/>\n<span style=\"font-weight: 400;\">According to<\/span><a href=\"https:\/\/www.innovationaus.com\/\"><span style=\"font-weight: 400;\"> InnovationAus.com.<\/span><\/a><span style=\"font-weight: 400;\"> Alexander said that one of the defining features of <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/what-is-blockchain-or-blockchain-technology\">the blockchain<\/a>, the potential for anonymity, is among the biggest stumbling blocks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Generally speaking when the government is engaging with someone, we want to have a trusted relationship with them. We want to know who they are and give them a personalized service,&#8221; he said. &#8220;Blockchain is good for low-trust engagement. You don&#8217;t know who you&#8217;re dealing with but have a series of ledgers that can give some validation and support.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Peter Alexander, the CDO at DTA said the technology is worth keeping an eye on but is not yet mature enough.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Alexander,<a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/what-is-blockchain-technology\"> blockchain<\/a> is at the &#8220;top of the hype cycle&#8221;, with demand driven by the industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;It would be fair to say that a lot of the big vendors are pushing blockchain very hard. And internationally most of the hype around blockchain is coming from vendors and companies. Not from governments and users and deliverers of services,&#8221; he said.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Interesting_timing\"><\/span><strong>Interesting timing\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">It is indicated to this opinion was arrived at after the Australian government\u2019s Digital Transformation Agency (DTA) received \u00a0AU$700,000 (about US$500,000) from the government in May. That amount came to explore blockchain applications within government services.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Australian government&#8217;s DTA has cast doubts over the validity of blockchains for governmental purposes. The agency has been working with a number of government agencies. They wanted to develop prototypes for the use of <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/money-and-blockchain\">blockchain<\/a> to deliver services. Including with the Department of Human Services for welfare payments and cargo settlement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other side is Australia\u2019s new prime minister, Scott Morrison.\u00a0He is a fan of fintech, open banking and technologies such as blockchain that will drive Australia\u2019s future. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As treasurer,\u00a0 Morrison urged attendees at the Australian Fintech Awards in early August 2018. He wanted to take advantage of the disruption wave sweeping through the global economy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI am frankly counting on you not to stuff this up. You need to make this work\u2026In today\u2019s global economy, the ability for economies to become more productive is not being done the old way: the biggest transformer of productivity [will be] innovation,\u201d he told attendees at the awards, as reported by the Australian Financial Review.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Unfortunately_Australia_is_not_an_isolated_case\"><\/span><b>Unfortunately, Australia is not an isolated case.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">China is another nation that finds blockchain&#8217;s anonymity a problem. Earlier this year Chinese students encoded allegations of sexual harassment against a prominent professor on the Ethereum blockchain. They wanted to evade the country&#8217;s censors. All social media posts on the issue having been blocked.\u00a0The same technique was used to spread the news about low quality and counterfeit vaccines, another scandal the government sought to cover up.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"China_banned_crypto\"><\/span><strong>China banned crypto<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">But the Chinese government has drafted a new regulation. That ordinance would require users to provide their real names and national ID card numbers when registering for a blockchain service. The policy would also demand that blockchain services remove &#8216;illegal information&#8217;. And before it can be spread among users. Also under the proposed legislation.\u00a0Service providers would also have obligation to retain backups of user data for six months. \u00a0Of course, and to hand it over to the police on request. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">China also banned <a href=\"https:\/\/traders-paradise.com\">cryptocurrency<\/a> trading earlier this year, although. Apparently, this has been less than effective. The Ethereum Hotel recently opened in the country, accepting payment in cryptocurrencies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One note to remember. Without the possibility of anonymity, a permanent ledger could also be a powerful tool in the authoritarian regime&#8217;s surveillance and control systems.<\/span><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2536 aligncenter\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/australia-blockchain-interesting-but-hyped-2-e1540310282762.jpg\" alt=\"Australia: Blockchain 'Interesting' But Hyped 1\" width=\"700\" height=\"368\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Unlike_Australia_and_China_UK_leads_the_way_in_blockchain_deployments_for_the_supply_chain\"><\/span><b>Unlike Australia and China, UK leads the way in blockchain deployments for the supply chain<\/b><span style=\"font-weight: 400;\">.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">There is some survey conducted by consultancy Capgemini. They researched 450 organizations implementing blockchain in their supply chain. And the result wasn&#8217;t surprising.\u00a0 Only three percent so far took initial experiments into production at scale.\u00a0Well, the adoption and the technology itself are at an early stage. The Capgemini report identifies a number of current use cases. They are in the range from low complexity\/high adoption scenarios. Like the prevention of counterfeits and tracking asset maintenance, for instance. But also more ambitious and complex uses. Like customer loyalty programs, contract labor procurement, and regulatory compliance, for example.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"United_Kingdom_example\"><\/span><strong>United Kingdom example<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The UK currently leads the way with production and pilot implementations of blockchain <a href=\"https:\/\/traders-paradise.com\">projects<\/a> in the supply chain. At the same time, the USA leads in terms of funding blockchain initiatives.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the UK specifically, the consumer products vertical is the biggest adopter among those surveyed. It is followed by manufacturing and then retail. However, globally manufacturing is in the leads in adopting this technology.<\/span><\/p>\n<p>Capgemini has been working with blockchain technology since 2016. Then it began developing solutions for the financial services industry. The report predicts that experimenting with blockchain will peak in 2020. But it will enter mainstream supply chain usage by 2025.<\/p>\n<p><span style=\"font-weight: 400;\">While throughout the history there were numerous cases of unfounded fears of <a href=\"https:\/\/traders-paradise.com\">new<\/a> technology. For many potential uses, the blockchain is not mature enough. Or lacks the functionality. Or there is the issue of the <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/what-is-blockchain-or-blockchain-technology\">anonymity<\/a> of users. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, this anonymity could inhibit the nefarious motives and actions of less savory governments against their own citizens.<\/span><\/p>\n<p>We will see in which direction the further development of blockchain will go. There is one solid fact: blockchain will survive.<\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\"><b>Risk Disclosure (read carefully!)<\/b><\/a><br \/>\n<b><\/b><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain not the best technology for every considered use, says Australian government report. 2 min read What a change! In May, Australia&#8217;s Department of Home Affairs revealed a plan to investigate blockchain&#8217;s potential to bring secure and transparent international trade and supply chain management. The chief digital officer of Digital Transformation Agency (DTA), Peter Alexander [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1004,1011],"tags":[594,17,595,596,590,109,597],"class_list":["post-2533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-financial-news","category-hi-tech-news","tag-australian-government","tag-blockchain","tag-blockchain-hype","tag-blockchain-opportunities","tag-blockchain-technology","tag-cryptocurrencies","tag-peter-alexander"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain &#039;Interesting&#039; But Hyped - Traders-Paradise<\/title>\n<meta name=\"description\" content=\"Blockchain: Interesting technology but early on in its development, it&#039;s kind of at the top of a hype cycle. China banned crypto trading earlier this year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain &#039;Interesting&#039; But Hyped - Traders-Paradise\" \/>\n<meta property=\"og:description\" content=\"Blockchain: Interesting technology but early on in its development, it&#039;s kind of at the top of a hype cycle. China banned crypto trading earlier this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/\" \/>\n<meta property=\"og:site_name\" content=\"Traders-Paradise\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradersParadisecom\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-23T16:01:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-15T12:34:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Traders_Paradis\" \/>\n<meta name=\"twitter:site\" content=\"@Traders_Paradis\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#\/schema\/person\/ce94bb3c5a52307ca7be58f0e7b93ffe\"},\"headline\":\"Blockchain &#8216;Interesting&#8217; But Hyped\",\"datePublished\":\"2018-10-23T16:01:01+00:00\",\"dateModified\":\"2024-01-15T12:34:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/\"},\"wordCount\":1120,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#organization\"},\"image\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg\",\"keywords\":[\"Australian government\",\"Blockchain\",\"blockchain hype\",\"blockchain opportunities\",\"blockchain technology\",\"Cryptocurrencies\",\"Peter Alexander\"],\"articleSection\":[\"Financial News\",\"Hi-tech News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/\",\"name\":\"Blockchain 'Interesting' But Hyped - Traders-Paradise\",\"isPartOf\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg\",\"datePublished\":\"2018-10-23T16:01:01+00:00\",\"dateModified\":\"2024-01-15T12:34:06+00:00\",\"description\":\"Blockchain: Interesting technology but early on in its development, it's kind of at the top of a hype cycle. China banned crypto trading earlier this year.\",\"breadcrumb\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#primaryimage\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg\",\"contentUrl\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg\",\"width\":1600,\"height\":960,\"caption\":\"Australia: Blockchain 'Interesting' But Hyped 2\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/traders-paradise.com\/magazine\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blockchain &#8216;Interesting&#8217; But Hyped\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#website\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/\",\"name\":\"Traders-Paradise\",\"description\":\"Talking Algo Trader\",\"publisher\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/traders-paradise.com\/magazine\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#organization\",\"name\":\"Traders-Paradise\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/cropped-TP-Full-Landscape-transparent.png\",\"contentUrl\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/cropped-TP-Full-Landscape-transparent.png\",\"width\":3816,\"height\":1402,\"caption\":\"Traders-Paradise\"},\"image\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/TradersParadisecom\",\"https:\/\/x.com\/Traders_Paradis\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#\/schema\/person\/ce94bb3c5a52307ca7be58f0e7b93ffe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bb0ccf0e7e25a4fa2fdbb8a41db860a35a9a574a1d7bb9f62b566ee95074f611?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bb0ccf0e7e25a4fa2fdbb8a41db860a35a9a574a1d7bb9f62b566ee95074f611?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\/\/traders-paradise.com\/magazine\/author\/gorica\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blockchain 'Interesting' But Hyped - Traders-Paradise","description":"Blockchain: Interesting technology but early on in its development, it's kind of at the top of a hype cycle. China banned crypto trading earlier this year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/","og_locale":"en_GB","og_type":"article","og_title":"Blockchain 'Interesting' But Hyped - Traders-Paradise","og_description":"Blockchain: Interesting technology but early on in its development, it's kind of at the top of a hype cycle. China banned crypto trading earlier this year.","og_url":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/","og_site_name":"Traders-Paradise","article_publisher":"https:\/\/www.facebook.com\/TradersParadisecom","article_published_time":"2018-10-23T16:01:01+00:00","article_modified_time":"2024-01-15T12:34:06+00:00","og_image":[{"width":1600,"height":960,"url":"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_creator":"@Traders_Paradis","twitter_site":"@Traders_Paradis","twitter_misc":{"Written by":"Editor","Estimated reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#article","isPartOf":{"@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/"},"author":{"name":"Editor","@id":"https:\/\/traders-paradise.com\/magazine\/#\/schema\/person\/ce94bb3c5a52307ca7be58f0e7b93ffe"},"headline":"Blockchain &#8216;Interesting&#8217; But Hyped","datePublished":"2018-10-23T16:01:01+00:00","dateModified":"2024-01-15T12:34:06+00:00","mainEntityOfPage":{"@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/"},"wordCount":1120,"commentCount":0,"publisher":{"@id":"https:\/\/traders-paradise.com\/magazine\/#organization"},"image":{"@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#primaryimage"},"thumbnailUrl":"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg","keywords":["Australian government","Blockchain","blockchain hype","blockchain opportunities","blockchain technology","Cryptocurrencies","Peter Alexander"],"articleSection":["Financial News","Hi-tech News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/","url":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/","name":"Blockchain 'Interesting' But Hyped - Traders-Paradise","isPartOf":{"@id":"https:\/\/traders-paradise.com\/magazine\/#website"},"primaryImageOfPage":{"@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#primaryimage"},"image":{"@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#primaryimage"},"thumbnailUrl":"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg","datePublished":"2018-10-23T16:01:01+00:00","dateModified":"2024-01-15T12:34:06+00:00","description":"Blockchain: Interesting technology but early on in its development, it's kind of at the top of a hype cycle. China banned crypto trading earlier this year.","breadcrumb":{"@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#primaryimage","url":"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg","contentUrl":"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/10\/australia-blockchain-interesting-but-hyped-3.jpg","width":1600,"height":960,"caption":"Australia: Blockchain 'Interesting' But Hyped 2"},{"@type":"BreadcrumbList","@id":"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain-interesting-but-hyped\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/traders-paradise.com\/magazine\/"},{"@type":"ListItem","position":2,"name":"Blockchain &#8216;Interesting&#8217; But Hyped"}]},{"@type":"WebSite","@id":"https:\/\/traders-paradise.com\/magazine\/#website","url":"https:\/\/traders-paradise.com\/magazine\/","name":"Traders-Paradise","description":"Talking Algo Trader","publisher":{"@id":"https:\/\/traders-paradise.com\/magazine\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/traders-paradise.com\/magazine\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/traders-paradise.com\/magazine\/#organization","name":"Traders-Paradise","url":"https:\/\/traders-paradise.com\/magazine\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/traders-paradise.com\/magazine\/#\/schema\/logo\/image\/","url":"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/cropped-TP-Full-Landscape-transparent.png","contentUrl":"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/cropped-TP-Full-Landscape-transparent.png","width":3816,"height":1402,"caption":"Traders-Paradise"},"image":{"@id":"https:\/\/traders-paradise.com\/magazine\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/TradersParadisecom","https:\/\/x.com\/Traders_Paradis"]},{"@type":"Person","@id":"https:\/\/traders-paradise.com\/magazine\/#\/schema\/person\/ce94bb3c5a52307ca7be58f0e7b93ffe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/traders-paradise.com\/magazine\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bb0ccf0e7e25a4fa2fdbb8a41db860a35a9a574a1d7bb9f62b566ee95074f611?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bb0ccf0e7e25a4fa2fdbb8a41db860a35a9a574a1d7bb9f62b566ee95074f611?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/traders-paradise.com\/magazine\/author\/gorica\/"}]}},"_links":{"self":[{"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/posts\/2533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/comments?post=2533"}],"version-history":[{"count":4,"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/posts\/2533\/revisions"}],"predecessor-version":[{"id":69607,"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/posts\/2533\/revisions\/69607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/media\/2538"}],"wp:attachment":[{"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/media?parent=2533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/categories?post=2533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traders-paradise.com\/magazine\/wp-json\/wp\/v2\/tags?post=2533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}