Why Blockchain’s growing pains will be worth it
HALF MOON BAY, Calif. – Experts at a recent technology conference agreed that blockchain has a bright future, but warned it may be a rocky ride until that future arrives. Blockchain is a distributed database that uses a secure digital ledger of transactions that users can share across a computer network. It’s also the technology behind virtual currency bitcoin.
“When you are at the leading edge there will be mistakes. People will get a lot wrong in the next five years. I think of it kind of like running with scissors,” says Constellation Research analyst Steve Wilson at the Oct. 26 Connected Enterprise conference hosted by his company.