Blockchain quick view

 

# Four types of blockchain technology (BT) networks:

public

private

consortium

hybrid

# Ten blockchain technology (BT) characteristics:

immutability

transparency

distributed trust

auditability

anonymity

security

decentralization

decentralized Consensus

programmability

autonomy

# Three blockchain technology (BT) capabilities:

decentralized data storage

decentralized data validity

decentralized data access

# Blockchain specific technologies and some applications:

Voting application

Incentives – tokens and smart contracts

Authentication through using tokens and smart contracts

Social networking through using tokens and smart contracts

Digital assets through using tokens and smart contracts

Non-fungible tokens (NFTS)

# Barriers that hinders the adoption of BT today:

Inability to scale

Potential security threats

Concerns over sensitive information

Uncertain ROI (Return On Investment)

Regulatory uncertainty for adopting BT

Lack of technological maturity

Project team members’ lack of acceptance of technological change

Lack of skills of BT