According to the experts from Finextra, the blockchain technology is not the panacea for everything. Although, a lot of companies did benefit from distributed ledger technologies and blockchain, some businesses can run perfectly fine as they are now.
Taking the major transportation app Uber as an example, the experts established that the its centralized system and databases work great, and there is absolutely no need to implement blockchain.
“If Uber (or a bank) were to switch to a blockchain architecture tomorrow, would we even notice?” the specialists say.
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