R3 is one of the more prominent ventures in the blockchain space having raised $120m to fund its middleman-cutting creation, counting over 200 employees across offices in NYC, Brazil, and London, and pinning down a consortium of high-profile banks. But according to The Block, its facing a divide among its engineers who are losing faith in its core tech that it says lacks scalability and doesn't perform well.
“Many engineers like building new things. They don’t tend to like building on other people’s stuff. Three years in, all the greenfield is gone. A different engineer is needed for the next maturity step.” Yet paradoxically, these software firms rely on engineers. And these deeper ideological clashes may well be endemic in other enterprise-blockchain firms like IBM and Consensys, who may be unintentionally building a team of employees with deeply opposing approaches to process, output, and delivery. So does R3 have a revolt on its hands? Perhaps not yet, but the modus operandi is clearly strained and a visionary brain-drain is in motion. Candidates with ideals of changing “the world” are starting to seek less bureaucratic, bottom-up work environments; potentially to the detriment of enterprise-blockchain firms.