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Blockchain Demystified!!

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No doubt, features like Decentralized Data Management, Immutability of transactions & Fault Tolerance give unprecedented advantage to organizations adopting it.

But, there are trade-offs which have to be judiciously evaluated. There are scenarios which can pose as overhead for business if not assessed properly. e.g:

  • performance hiccups due to traversal of date across the blockchain and fetching/persisting data;
  • demand for high end infrastructure for Decentralized datastore setup;
  • frequent changes to transaction (unnecessarily increasing the chain)

In summary: it is important to weigh the pros and cons of Blockchain adoption and how best it aligns to the business strategy / futuristic vision & importantly financial mathematics!

Original Article: https://t.co/Hsy4sReUM5 

#fintech #insurtech #blockchaintechnology

Happy Learning!! 🙂

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