10 Blockchain myths

Published
Partner
Gothenburg University
Author
Juho Lindman, University of Gothenburg, Sweden
Resource
BLING Final Book article
Reading Level
Mid
Readiness criterium
Business Need, Legal Requirements, Mandate
Link

Summary

The early hype around blockchains – including buzzwords and overblown expectations – played a central role in the early innovation activities which legitimized blockchain. Here Juho Lindman from the University of Gothenburg identifies 10 key myths about blockchain that aren’t true.

Juho Lindman, Gothenburg University

The early hype around blockchains – including buzzwords and overblown expectations – played a central role in the early innovation activities which legitimized blockchain.
The overblown expectations and hype surrounding blockchain make it tricky to understand what has actually been delivered.

  1. (Public) blockchains are disrupting the public sector all around the world
  2. It is impossible to build successful blockchain applications for the public sector
  3. There is one single obvious way to apply block chain technology in the public sector
  4. If you build it, users will come blockchain
  5. If it uses blockchain, it needs to be big and disruptive
  6. Nobody knows how blockchains are implemented
  7. Blockchain is a generic technological solution, similar to AI
  8. We are not technology people and should not care about detailed design decisions such as blockchain
  9. The results of blockchain projects contribute to blockchain knowledge
  10. Users want to know that services are based on blockchain