Yes, that’s the question we are asking today. Is blockchain technology necessary? The answer is tricky. To arrive at the conclusion takes an unbiased perspective. Bankers and people in the stock market will tell you that it’s the epitome of evil. Blockchain engineers and enthusiasts will tell you it’s the future of the world. The government, as usual, will be indecisive.
Both are overly eager in their opinions, and both are unfortunately wrong. Blockchain is wonderful and revolutionary, no doubt there. But it has some very serious cons that are underplayed by people supporting blockchain. It also has excellent pros underplayed by its critics.
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