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All issuesVolume 297, Issue 2IT NewsBlockchain

Blockchain vs. Crypto: Not What It Seems

CoinDesk, December 13th, 2022

'Blockchain not bitcoin' emerged in 2018 as an attempt by enterprise projects to capitalize on the market's performance woes - the new version does the same but swaps in 'crypto' to reflect the ecosystem's spread.

Deja vu. You know that feeling, when you momentarily are not sure of where you are in the timeline and you wonder what you've missed. We're there now.

The 'blockchain not bitcoin' chorus seems to be re-emerging, taking us back to the 2016-18 heyday of thematic and platform consortia convinced that the benefits of greater efficiency would overcome corporate competition. Bitcoin was an asset with no backing or clear utility, the implied argument seemed to go, whereas blockchain, well that was a technology.

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