The enthusiasm for blockchain mainly stems from a lack of knowledge and understanding. It is a solution in search of a problem.

I’ve been hearing a lot about blockchain in the last few years. I mean, who hasn’t? It’s everywhere.

I’m sure I wasn’t the only one who thought: but what is it then, for God’s sake, this whole blockchain thing? And what’s so terribly revolutionary about it? What problem does it solve?

That’s why I wrote this article. I can tell you upfront, it’s a bizarre journey to nowhere. I’ve never seen so much incomprehensible jargon to describe so little. I’ve never seen so much bloated bombast fall so flat on closer inspection. And I’ve never seen so many people searching so hard for a problem to go with their solution.

They knew nothing about the blockchain yet in Zuidhorn, a town with just under 8,000 people in the north-east of the Netherlands.

“What we did know is that it’s coming for us and that it’s disruptive,” a civil servant from the town told a Dutch weekly news magazine. “We could sit back and wait, or choose to move forwards.”

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