Agile Digital Transformation

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Jason Bloomberg Explains Why Permissionless Blockchains Need to be Closed

By Timan Wainaina

Jason Bloomberg on Why Blockchains Should be ‘Shut Down’

Jason Bloomberg has emerged to be an opinion leader in the cryptocurrency industry. The IT analyst has been participating in blockchain and cryptocurrency forums where he shares his ideas with industry gurus. Publicly, Bloomberg is known to against cryptos. He takes issue with the initial plan of cryptos being decentralized as contained in the bitcoin white paper. Recently he sat down with Coin Graph where he highlighted the importance of closing decentralized cryptos. He notes that such currencies are responsible for crimes related to the industry.

According to Bloomberg, open blockchains are risky because nobody can take responsibility.  He noted that a criminal can take advantage and create accounts because nobody is watching.  Bloomberg opined that the only way to avoid crime related to blockchain is to have a system that can provide accountability. He said that most cryptos did not have permission hence need to shut down.

He acknowledged that practically, shutting down such cryptos is near impossible. Bloomberg also projected the impact just in case such cryptos are closed  He, however, noted that having an order in taming such blockchains solely depends on a country’s laws.  He advises policymakers to come up with laws that can tame permissionless systems. Bloomberg added that the same should extend to exchange platforms.

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More Stories By Jason Bloomberg

Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise technology and digital transformation. He is ranked #5 on Onalytica’s list of top Digital Transformation influencers for 2018 and #15 on Jax’s list of top DevOps influencers for 2017, the only person to appear on both lists.

As founder and president of Agile Digital Transformation analyst firm Intellyx, he advises, writes, and speaks on a diverse set of topics, including digital transformation, artificial intelligence, cloud computing, devops, big data/analytics, cybersecurity, blockchain/bitcoin/cryptocurrency, no-code/low-code platforms and tools, organizational transformation, internet of things, enterprise architecture, SD-WAN/SDX, mainframes, hybrid IT, and legacy transformation, among other topics.

Mr. Bloomberg’s articles in Forbes are often viewed by more than 100,000 readers. During his career, he has published over 1,200 articles (over 200 for Forbes alone), spoken at over 400 conferences and webinars, and he has been quoted in the press and blogosphere over 2,000 times.

Mr. Bloomberg is the author or coauthor of four books: The Agile Architecture Revolution (Wiley, 2013), Service Orient or Be Doomed! How Service Orientation Will Change Your Business (Wiley, 2006), XML and Web Services Unleashed (SAMS Publishing, 2002), and Web Page Scripting Techniques (Hayden Books, 1996). His next book, Agile Digital Transformation, is due within the next year.

At SOA-focused industry analyst firm ZapThink from 2001 to 2013, Mr. Bloomberg created and delivered the Licensed ZapThink Architect (LZA) Service-Oriented Architecture (SOA) course and associated credential, certifying over 1,700 professionals worldwide. He is one of the original Managing Partners of ZapThink LLC, which was acquired by Dovel Technologies in 2011.

Prior to ZapThink, Mr. Bloomberg built a diverse background in eBusiness technology management and industry analysis, including serving as a senior analyst in IDC’s eBusiness Advisory group, as well as holding eBusiness management positions at USWeb/CKS (later marchFIRST) and WaveBend Solutions (now Hitachi Consulting), and several software and web development positions.