Where Not to Use #Blockchain: Developers’ Advice | Blockchain Demystified!!
A reality check before directly jumping into the bandwagon and rattling with the crowd!! https://t.co/Hsy4sReUM5 > nice read & informative
— Pritiman Panda (@PritimanPanda) November 22, 2017
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!! 🙂