[Andy Jassy] said something like this: “All these leaders are asking me what our blockchain strategy is. They tell me that everyone’s saying it’s the future, the platform that’s going to obsolete everything else. I need to have a good answer for them. I’ll be honest, when they explain why it’s wonderful I just don’t get it. You guys got to go figure it out for us.”…
I can’t remember the details of how our findings got back to Andy. They were of the form “Ledgers are useful, cryptography tech is useful, blockchains aren’t, the field is full of grifters, but we could build distributed-ledger infrastructure and then these cool services on top of it.”
As Tim puts so well: “There are many among Amazon’s senior engineers who think blockchain is a solution looking for a problem.”