Do not believe in the advertising campaign: understand the limits of the Blockchain

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Each relationship goes through a" honeymoon "phase, a bit of time, generally at the beginning of the relationship, where everything is perfect, dreamy and amazing: in technological terms, the public is enjoying that phase with the blockchain: wherever we look, we feel the advantages of blockchain: transparency, security, the ability to build "Trustless" company networks Until now, blockchain has been the perfect virtual partner, but as we are starting to learn: every honeymoon has its end and we in the technology sector are starting to notice the limits of blockchain. [19659004] Disclaimer: First of all the fans of the blockchain and the crypt begin to stake out, I want to emphasize every technology has its limits, no person is perfect and no technology created by a person will ever be, but the following are just some examples of limits of the blockchain: those that we & ll; ll probably work for a while in couple therapy.

Blockchain limits: trust is still a critical point

As much as we all praise the blockchain for its ability to maintain a documented and non-editable record of the farm-fork travel of our biological products or the production of the Our bespoke Italian suit, the fact remains that blockchain itself is not safe. After all: each blockchain must start somewhere, and the data points it receives will be entered by – you guessed it – a human being . The following are just a few examples of ways in which blockchain can be manipulated by human error or malice:

  • A QA agent falsely verifies the quality of goods before they are shipped abroad. In doing so, a false positive starts on the trust-o-meter – a blockchain is not able to detect.
  • An art dealer falsely checks a piece of knock-off art as the "real thing". Because it has been verified, each owner will buy a knock-off thinking it is real-probable, for a very large sum of money.
  • A human resources professional falsifies the review of an employee, someone who appears to be her husband. Going forward, no one, including future employers, will know that he was drafted for drinking at work.

As you can see, blockchain is as reliable as the trusted individuals who use it, but unless it is connected to tens of thousands of IoT sensors that check the level of chemicals, pollution, freshness, or any number of others "Verifiable" measures, which are fooled with the blockchain is still a possibility.

Blockchain limits: bad scale

The way the blockchain is designed is both good and bad On the one hand, each node in the chain contains every little piece of history that came before, in addition to its next step. Redundancy never hurts, right? Right- unless it is not necessary to process something quickly. And because of its redundant design, blockchain – especially once climbed beyond the first steps of verification – is slow. Like a slow turtle. So slow that some might consider it unresponsive which could cost you dear. This raises the question: are our customers more concerned with speed or reliability? Personally, I think that most customers today would be willing to risk quality if they knew they could get their item quickly, which does not bode well for the future of the blockchain, at least until the engine is running.

Blockchain limits: Not a reader of the mind

Suppose you are using the blockchain to simplify your online marketing contracts with numerous suppliers. You want to make sure that the right eyes see your ads and clicking on your site to, hopefully, buy your product. The fact is: blockchain can check The ad is shown to the people who say they are in your goal. Are they telling the truth? They lied about their age? Their intentions to buy a new car within the next six months? Their equity? At this point, unless blockchain is connected to a buffet of other blockchains and sensors that verify this information, you're still at the mercy of trust. & nbsp;

None of this means that I do not believe that Blockchain will represent a significant solution and will surely have its place in the corporate and technological ecosystem. Honestly, when it comes to the limits of the Blockchain, the biggest is that nobody is still using it en masse. And until it reaches the point where it is part of everyday use – as in, we are all chipped and tested without even knowing it – it will always have to be used with healthy skepticism. Yes: it turns out that even blockchain can break our hearts.

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Every relationship goes through a "honeymoon" phase, a bit of time, generally at the beginning of the relationship, where everything is perfect, dreamy and amazing. In technological terms, the public is enjoying that phase with the blockchain. Wherever we turn, we feel the advantages of blockchain: transparency, security, the ability to build business networks "without trust" for anything. Until now, blockchain has been the perfect virtual partner. But, while we are starting to learn: every honeymoon has its end. And we in the technology sector are starting to notice the limits of the blockchain.

Disclaimer: Before all the fans of the blockchain and the crypt start to stake out, I want to emphasize that every technology has its limits. No person is perfect and no technology will ever be created by a person. But the following are just a few examples of the limits of the blockchain – those that we will probably work on in couple therapy for a while.

Blockchain limits: trust is still a critical point

As much as we all praise the blockchain for its ability to maintain a documented and non-editable record of the farm-to-fork journey of our biological products or the production of Our bespoke Italian suit, the fact remains that blockchain itself is not safe. After all: each blockchain must start somewhere, and the data points it receives will be entered by – you guessed it – a human being. The following are just a few examples of the ways in which blockchain can be manipulated by human error or malice:

  • A QA agent falsely verifies the quality of goods before they are shipped abroad. In doing so, a false positive starts on the trust-o-meter – a blockchain is not able to detect.
  • An art dealer falsely checks a piece of knock-off art as the "real thing". Because it has been verified, each owner will buy a knock-off thinking it is real-probable, for a very large sum of money.
  • A human resources professional falsifies the review of an employee, someone who appears to be her husband. Going forward, no one, including future employers, will know that he was drafted for drinking at work.

As you can see, blockchain is as reliable as the trusted individuals who use it, but unless it is connected to tens of thousands of IoT sensors that check the level of chemicals, pollution, freshness, or any number of others "Verifiable" measures, which are fooled with the blockchain is still a possibility.

Blockchain limits: bad scale

The way the blockchain is designed is both good and bad On the one hand, each node in the chain contains every little piece of history that came before, in addition to its next step. Redundancy never hurts, right? Right- unless it is not necessary to process something quickly. And because of its redundant design, the blockchain, especially once climbed beyond the first steps of verification, is slow. Like a slow turtle. So slow that some might consider it insensitive, which could cost you a lot of money. This raises the question: are our customers more concerned with speed or reliability? Personally, I think that most customers today would be willing to risk quality if they knew they could get their item quickly, which does not bode well for the future of the blockchain, at least until the engine is running.

Blockchain limits: Not a reader of the mind

Suppose you are using the blockchain to simplify your online marketing contracts with numerous suppliers. You want to make sure that the right eyes see your ads and clicking on your site to, hopefully, buy your product. The fact is that blockchain can verify that the ad is shown to people who say they are in your target. Are they telling the truth? They lied about their age? Their intentions to buy a new car within the next six months? Their equity? At this point, unless blockchain is connected to a buffet of other blockchains and sensors that verify this information, you're still at the mercy of trust.

None of this is equivalent to saying that I do not believe that Blockchain will be a significant solution and will certainly have its place in the corporate and technological ecosystem. Honestly, when it comes to the limits of the Blockchain, the biggest is that nobody is still using it en masse. And until it reaches the point where it is part of everyday use – as in, we are all chipped and tested without even knowing it – it will always have to be used with healthy skepticism. Yes: it turns out that even blockchain can break our hearts.

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