9 BLOCKCHAIN MISTAKES AND HOW TO AVOID THEM

These days, lots of companies are implementing the blockchain technology with the hope of discovering opportunities to create differences in their regular business process. Unfortunately, a lot of these implementations never get past of the production stage. While the technology comes with lots of potential enough to attract business leaders, there’s a significant gap between that hype and market reality. If you too are thinking of implementing blockchain technology, here’re nine of the most common mistakes and ways to avoid them.

1- Considering it as a complete application

2- Considering it as a pure storage mechanism

3- Assuming it as a permanently dominant technology

4- Assuming the smart contract technology is mature

5- Assuming the presence of interoperability standards

6- Overlooking the governance issues

7- Confusing the future with the present-day scenario

8- Ignoring the importance of a learning process

9- Overlooking the actual purpose

Conclusion

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