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Blockchain expectations are inflated, but Blockchain for Social Impact: Moving Beyond the Hype


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Blockchain expectations are inflated,
but they’re not baseless.
Hype often gets amplified when people look to use a new technology for the
sake of using it. Instead of being a technology in search of an application,
start with the actual problem you are trying to solve to determine if block-
chain’s attributes can be of value. More focus on how blockchain can best
deliver value will move it further from hype and closer to reality.
Blockchain has the potential to instill trust between multiple parties, reduce
costs, increase efficiency, and improve security. As outlined in our study,
blockchain can bring innovative, exciting solutions to those who focus on
the benefits. Blockchain can enable solutions that otherwise would not
be possible.

Published in: Business