Until now, cyber security vendors were making products by buying the algorithm that they didn’t inherently understand, then the most malicious hacker attacks were bought in the dark-web and anyone could make them. Now many are getting excited to use block-chain technology.
All you had to do was have a Programmer on your team, and here is, that's it. But above all, it used technology made by others, as for crypto-currencies. Ads that changed the world, words of democracy and anarchist sense when now to be a miner of bitcoins need millions of dollars.
Block-chain technologies with a total value of 300 million dollars have been brought to America from China, as is mentioned in a recent article that we report.
Being a miner costs, not just for the exorbitant energy consumption, but with the necessary hardware. Countries that saw the role of tax havens diminished try to throw themselves into the recognition of crypto-currencies, a gold mine that compared to physical gold is transportable. With very high costs but it is transportable. Other countries accept the transactions.
At this point the block-chain engine likes to solve other problems, from plane tickets to digital identity, it is a complex technology but, as we explain in other articles, simple to use.
So in the face of the scent of great gains various commentators rush into frantic praise, without understanding that, at least in the speech of the crypt-coins, you go to a theoretically democratic world but in which the man of the street can only be enticed to invest his money hoping to earn without effort, and then risk losing everything in the Ponzi effect by many predicted. There are call centers that contact and make a sweetened explanation of the benefits of this investment.
However, the so-called block-chain democracy is a democracy for a few rich people, the pivot of the economy of democratic nations is being dismantled by removing the necessary to maintain the welfare state and the very organization of the state. I remember that at the time of the Soviet Union there was a habit of keeping the money under the mattress, taking it away from taxation and the state. So they were periodically changing the notes, the way the citizen had to show them to change them to the new ones, otherwise they became waste paper. In the articles I reported on the press-review page there are critical articles and articles enthusiastic about this new technology.
47% of corporate chief financial officers will assess the adoption of cryptocurrencies as business "assets", as mentioned in an article in this press review
This is what emerges from two surveys carried out by Gartner in September 2021, at this stage the interest of the Cfos remains uncertain, with about a quarter of respondents expecting their personal involvement to be limited and only a few expect to take full leadership in digital currency initiatives,
showing a mistrust due to the lack of technological knowledge of the phenomenon, in fact Gartner shows some confusion and the overlapping of terms such as cryptocurrencies and blockchain.
I hope that these notes and this press review will help C.F.O. to better understand the problem, in fact I put the articles in tabular form, some in English and others in Italian, so that the reader can get an easy check list of what he read.
Of course you should not throw away the child with the bathwater, for this I invite those who can decide to distinguish the good from the bad and realize that there may be alternatives, so far unknown, like our Real Digital Currency.