With apologies to my European friends (I’m also European), this article illustrates how the EU is a second rate sucker in technology. While they boast and believe that they’re cutting edge because they’re investing in Blockchain, the likely reality is that they’re jumping on a false trend and Blockchain and its thousands of buzzwords will fizzle out, as it’s sustained only by fomo and speculation.
I'm curious who oversees these expenditures, and what their qualifications are.
Governments typically have sub-par IT and software engineering (when done in house). When it's venture capital, investors are playing with their own money*, so there's a good incentive to be right and pick the right people/tech. But here, it seems like it's bureaucrats that are going to be deciding what to invest in, isn't it?
DARPA got it right a couple of times in the past, so I could be wrong.
As neither webrtc nor ipfs have anything to do with the Blockchain I'm guessing your talking about their Ethereum focus and I have to agree. but you have to admit that eth probably sounds like a great idea for non programmers.
Implementing smart contacts that do non trivial stuff is just basically impossible, but it's a very interesting concept to run code if it were.
Non-programmers just don't really realize how error riddled the average software is, so they get caught on the promise itself.
