Where Did All the Blockchain Consortia Go? Feat. Paul Brody

This week on “Opinionated,” Ben Schiller and co-host Anna Baydakova are joined by Paul Brody, head of blockchain at consulting powerhouse EY.

This episode is sponsored by Unique One Network and Mimo.

If you read CoinDesk in 2017 and 2018, you’d have come across many stories like this:

Big Company joins Big Industry Blockchain Consortium to work on technology set to shake up Everything.

These days, many of those consortia are closed, others are barely issuing press releases and “enterprise blockchain” is often struggling to take off.

In recent months, IBM has laid off most of its blockchain services staff and Microsoft has shuttered its Azure-based blockchain-as-a-service platform.

What happened?

Blockchain industry veteran Paul Brody unpacks why many corporate blockchain projects fail, and what works and doesn’t work when companies adopt decentralized technology.

He pinpoints where blockchain is having a dramatic impact, the validation that comes from decentralized finance (DeFi) and how blockchains can re-engineer enterprises in the years ahead.

Brody’s Twitter is: @pbrody

CoinDesk stories mentioned in this episode:

Brody: Web 3.0 Is Coming for the Sharing Economy

Brody: Public Blockchains Are Set to Reshape Global Commerce

IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources

Microsoft to Shutter its Azure Blockchain Service This Autumn

Image credit: DKosig/iStock/Getty Images Plus, modified by Coindesk