Blockchain: 3 things people get wrong

There are many reasons to think that blockchain will increasingly be an important infrastructure used in many industries – well beyond financial services and, certainly, in ways well beyond crypto-currencies. That said, remind yourself that not everything is a technical problem that’s universally amenable to a blockchain fix.

According to Gordon Haff, Technology Evangelist at Red Hat, when evaluating future applications for blockchain, it may be useful to take the following three considerations into account:

  1. Blockchains don’t guarantee accuracy
  2. Technology isn’t always the problem
  3. Contracts rarely cover all the edge cases

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