Why you shouldn’t be ignoring Blockchain technology

Why you shouldn’t be ignoring Blockchain technology

When I read about Blockchain for the first time, I was speechless. This was five years ago. I remember telling my wife that it was one of the most astounding inventions I had witnessed in the computer science field.

Since then, it's been evolving at a rapid pace. For many organizations though, Blockchain remains either an esoteric technology or a financial scam.

Those adventurous companies that have dived into the field have experimented mixed results. Often, their innovation managers are pushing to have Blockchain proof of concepts. The team goes out there to explore the industry and come back discouraged. There is no dominating platform; those that are the reference are too elaborated or too restricted for commercial uses.

The overall feedback? Too complex and limiting. Working anything beyond a toy requires a specialized Blockchain team. Even then, any developed application will still be restrictive and not easily scalable. In other words, it won't serve the current company's user base. So while they believe the technology might be crucial, they can't figure out how to use it. They're looking to deliver better value to their customers, but they feel it's still far from