You Do Not Need Blockchain: Popular Use Cases and Why They Do Not Work (2019)

You Do Not Need Blockchain: Eight Popular Use Cases And Why They Do Not Work Ivan Ivanitskiy · Follow Published in SmartDec Cybersecurity Blog · 12 min read · Feb 22, 2019 -- 20 Listen Share People are resorting to blockchain for all kinds of reasons these days. Ever since I started doing smart contract security audits in mid-2017, I’ve seen it all. A special category of cases is ‘blockchain use’ that seems logical and beneficial, but actually contains a problem that then spreads from one startup to another. I am going to give some examples of such problems and ineffective solutions so that you (developer/customer/investor) know what to do when somebody offers you to use blockchain this way. Disclaimers The described use cases and problems occur at the initial stage. I am not saying these problems are impossible to solve. However, it is important to understand which solutions system creators offer for particular problems. Even though the term ‘blockchain use’ looks strange and I am ... Read full article.