Why you should not use blockchain?

Regulation- blockchains exist orthogonally to the law and can’t be easily overturned . In heavily regulated industries that require interpretation, blockchain could be difficult to effectively apply. It’s difficult to comply with all rules and often can’t be easily tailored to existing regulatory infrastructure.

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Is blockchain still relevant 2020?

Blockchain in 2020 Gartner agrees by naming “Practical Blockchain” one of the most important technology trends of 2020. One thing that did not change over time is the relevance of global cryptocurrency trade. Trading remains the most important and valuable application of blockchain technology .

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Why is blockchain trustworthy?

The chaining of the blocks ensures that the content of the block remains trustworthy at all times . For example, if a change is entered in a block, such as a payment statement, then all the computers in the entire network check the blockchain to see if the transaction was valid.

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Is blockchain the future of finance?

You would have a transparent, chronological history of events for a single source of truth. This world is coming, and its name is blockchain. As a revolutionary technology for recordkeeping, it is poised to change the future of finance —in accounting, asset registers, payments, trading, collateral management, and more.

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