Why Do I Need Blockchain If I Have A Database?

Because there’s so much excitement about the potential of blockchain, there’s a risk that project planners will start throwing this emerging technology at problems that don’t fit. This article is meant to help you sort out the right business use cases for blockchain, from those for which your trusty database will do just fine.

First and foremost when considering blockchain, pick a project that needs “distributed” instead of centralized control of data, said Michael Onders, chief data officer of KeyBank, speaking at a panel discussion at the Blockland Cleveland event in December. “If you can solve the problem centrally, using a central database, you’re probably looking at the wrong problem,” Onders said. READ MORE ON: FORBES

DataYusra Hamid