Geopolitical Analyst Believes Blockchain Will Become ‘Obsolete’

Geopolitical analyst George Friedman says that blockchain technology will one day become “obsolete,” CNBC reported June 15.

Friedman is a founder of Geopolitical Futures, an online publication dedicated to predicting the future course of international affairs, and author of “The Next 100 Years: A Forecast for the 21st Century.” He told CNBC that he has “never known any encryption technology not to be broken,” and that he doubts “between Russia, China, U.S. intelligence services” that blockchain cannot be decrypted. He added:

“It’s useful. It’s visible, at some point it’ll be obsolete.”

Friedman said that blockchain is “one of those hypes. People are profiting from it, making extraordinary claims about it.”

In January, the Federal Bureau of Investigation (FBI) director Christopher Wray announced statistics regarding encryption and information security at the International Conference on Cyber Security…

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