10 things you thought you knew about blockchain that are probably wrong

Even though distributed ledger technologies (DLTs) have matured a lot over the past few years the promise of these technologies has far outpaced the reality of their adoption.

According to a new Forrester research report, Blockchain In 2020: A CIO’s Guide To The 10 Most Prevalent Myths, the idea that mathematically immutable repositories of data and information would rapidly replace existing, trust-based models has not come to pass; nor will it anytime soon.

There are many reasons listed in the report, said lead author Martha Bennett, a vice president and principal analyst at Forrester, but, overall, there is just a lot of misunderstanding about what the technology can and can’t do. Many of the qualities people assume are inherent in the technology, for example, have to be carefully architected in.

Link to article on TechRepublic.com: https://www.techrepublic.com/article/10-things-you-thought-you-knew-about-blockchain-that-are-probably-wrong/


Posted on

May 4, 2020