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DOES YOUR IDEA ACTUALLY REQUIRE BLOCKCHAIN?

by Catherine Tucker and Yudan Pang

One of our main jobs when teaching and advising students who are thinking of founding blockchain companies is to get them to question whether or not their idea actually requires it. Data integrity is the main benefit conferred by blockchain technology, and a few questions can help determine whether that’s a particular problem for a given business or use case:

  1. If the data that my business collects is corrupted, how much do people suffer?
  2. Do outsiders (perhaps hackers) have incentives to distort or change the data that my business is based upon?
  3. How much does my business depend on other people being able to trust the data on which it is built?

Take, for example, ...

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