WHAT BLOCKCHAIN CAN’T DO
by Catherine Tucker and Christian Catalani
Blockchain technology has the potential to do amazing things. It can provide an immutable, digital audit trail of transactions and can be used to cheaply verify the integrity of data. It can help businesses and individuals agree, on a global scale, about the true state of affairs within a market without relying on a costly intermediary.
This is achieved through a clever combination of economic incentives and cryptography, and ensures that at any point in time, digital records reflect the true consensus among the key stakeholders involved. When it comes to sharing digital records and assets, it can therefore replace the need for trust between players, or the need for a ...