About the inertia of thinking

An interesting question was asked today.

We have a blockchain. This is a super-technology that is clearly superior to other IT technologies. Then why don’t businesses massively switch to it, keep using old stuff?

I wanted to say first that the deployment was going very fast, but then I decided it wouldn’t be true. The implementation of blockchain does not reach the scale of the mass market.

But why?

Blockchain is a closing technology for many IT technologies. It means, it cancels them as outdated. And now, imagine: huge investments in the technology of the previous generation have been made, the functionality of the existing products is quite satisfactory, so you can wait until the investment at least partially pays off. This is a question of a clean economy. The first cars for several decades peacefully coexisted with cabmen.

This is a purely economic aspect associated with a rational approach. However, there is also an issue of psychology.

It is human nature to give up the best in favor of the usual. Change, though it may look attractive, always carries an element of risk. " We are now well, we wanted something new, but if suddenly something will go wrong… We do not get new, having already given up the old stuff!" You feel threatened by security, and security is one of the most powerful drivers of human behavior.

The quest for the best fights conservatism inside each of us. That ensures harmonious development and optimal risk vs return ratio.

As for the blockchain - it should not be absolute. Now it has the advantage and it will surely take its high place. However, there will be new replacement technologies, and everything will repeat itself. This is the Sansara Techno wheel.

#SansaraTechno #blockchain #conservatism