> I've studied this pretty extensively and honestly don't think it'll ever happen. At least unless the current paradigm of supply changes massively.
"I don't think we will see any changes in the industry, unless the industry changes." Kind of tautological, no?
> Most of these businesses use very very old tech, and will actively resist change.
I don't think we are disagreeing. Maybe we are just thinking in different timescales.
I don't doubt current business will resist change. What I am saying is that there will be a point where adopting the technology will be such an obvious advantage for the large players that the existing business will either be forced to adopt or be disrupted by some new business.
> "I don't think we will see any changes in the industry, unless the industry changes." Kind of tautological, no?
Kind of not-at-all what I said no? Change is inevitable, blockchain is not the right tool for this job.
>adopting the technology will be such an obvious advantage for the large players
A centralized solution from a trusted third party has all of the benefits of blockchain with just about none of the downsides. Many institutions could fill this role from technology companies to major law firms in the supply chain space.
> A centralized solution from a trusted third party has all of the benefits of blockchain with just about none of the downsides.
So why hasn't it happened yet?
Also, who in their right mind would rely so much on a "trusted third party" to coordinate global supply chains?
What would be cost to have an organization that is able to maintain this level of trust?
What about the politics of it? Even if the entity were to be trusted, how can we be sure that there would be no countries forcing their political/economical might to bend this entity to do what they want? As an example, after the global pandemic, do you trust WHO more or less? Do you still believe that they are completely independent?
You are never going to hear from me that blockchain is a perfect solution for all problems, but a "centralized solution with a trusted third-party" is quite a spherical cow in comparison.
As I said in my previous comment, it is happening in a major way across industries. There just aren't any clear market leaders because as previously discussed, different brands have different ideas on who a trusted third party is.
> different brands have different ideas on who a trusted third party is
If different entities do not all trust the same centralized party, then it is not happening. You are pulling a spherical cow again as an answer. What is so hard to understand about that?
Because it's not a matter of the industry that I am talking about, it is the general principle.
To make an analogy: I don't need to know all of the details of foreign trade and banking regulations around the world to know that people can use blockchain-backed cryptocurrency to send money all around the world in a way that is faster and cheaper that any banking or remittance company ever will be able to.
As blockchain tech matures and gets easier to be adopted by the masses, it will not matter if currently we have a gazillion different banks and if companies each are using their own ad-hoc method for managing world-wide transfers and FX: the moment that consumers are able to say "I want to use my crypto to pay for this", companies that are not on-board with that will simply lose business.
---
To sum up: you are arguing that the status quo is the only way to make things and that the only way to have any change is when they are of interest to the status quo. I am arguing that the status quo will not matter the moment that blockchain technology gets more accessible and makes more economical sense as a way to verify and coordinate work among entities that do not trust each other.
What matters in the end (to quote from the OP that started our discussion) is "The whole paper trail around a bill of lading isn't a joke if you are shipping from say China to South America". This is something that blockchain is basically designed to solve. It doesn't matter if the companies now don't want to use it, when the people holding the purses start asking for a solution that only blockchain can solve efficiently, the companies that don't adopt will lose business and fade away.
So you're extrapolating a general principle that has yet to be proven anywhere into an industry you know nothing about. Great. This sort of attitude is part of why folks generally sneer at BlockChain enthusiasts.
> you are arguing that the status quo is the only way to make things and that the only way to have any change is when they are of interest to the status quo
You keep building a strawman of my argument that's easy for you to tear down. Are you aware that there are more choices than "status quo" and BlockChain?
> when the people holding the purses start asking for a solution
That's the thing, consumers DGIF, and have proven this for generations by purchasing based on cost and quality alone.
If it is a general principle, it doesn't matter the specific application. That's the whole point of abstract thinking. But you don't seem to care about that. So, let's go back at the comment from OP:
I work in old industry and the supply chain guys as well as finance is having a boner from the idea of moving their crufty systems to blockchain.
They are the ones holding the purses. Not "consumers who DGIF". It's not retail that is going to drive the adoption of better tech in the industry, it's the large purchasers who will make everything possible to increase their margins.
> This sort of attitude is part of why folks generally sneer at BlockChain enthusiasts.
Again, I will borrow the words from OP:
But (Blockchain) - like the internet - it's just a fad that will soon pass.
My google-fu has failed me now, but I'd love to find a link to a story about a MS executive who thought that the idea that "internet search was stupid. People will just bookmark the sites they use more often and start navigating from there."
I will say this in the nicest way possible: your head is so stuck inside the box of the status quo and their current issues that you are not even able to contemplate a thought outside of it. You are dismissing something that can disrupt entire industries because the current implementation is not good enough. The moment that you stop thinking in a static way, perhaps you won't calling everyone "naive enthusiasts".
> Are you aware that there are more choices than "status quo" and BlockChain?
Sure there are! Yet none of the things you present as choices actually (a) solve the problem of coordinating work and attesting validity of information in a global scenario with competing actors and (b) have the potential to be automated/scaled to eliminate a lot of human intervention in the way that blockchain does. You are talking about big firms, big contracts, CYA agreements and certifications whose costs can not reduce with scale. How do you want me to believe that this is going to compete with technology that will be exponentially cheaper and simpler to operate and deploy?
"I don't think we will see any changes in the industry, unless the industry changes." Kind of tautological, no?
> Most of these businesses use very very old tech, and will actively resist change.
I don't think we are disagreeing. Maybe we are just thinking in different timescales.
I don't doubt current business will resist change. What I am saying is that there will be a point where adopting the technology will be such an obvious advantage for the large players that the existing business will either be forced to adopt or be disrupted by some new business.