Blockchain is not a panacea, but where needed, it’s the savior By Cointelegraph

Blockchain is not a panacea, but where needed, it’s the savior

Blockchain technologies and their associated market gained tremendous momentum this past year. The colossal developments and the aggressive funding of ideas across this nascent industry have sparked some serious debate as to the veritable value of blockchain. Before implementing blockchain technology, managers, builders and developers need to ask themselves one question: “why blockchain?”

In order to understand how best to use blockchain technology, we must first define the trust assumptions in the system under consideration. Often, blockchain use cases overlook this question of a third party without ever considering whether that use case could be better met with a distributed or centralized alternative.

Lior Messika is the founder and a managing partner at Eden Block, a research-focused EU VC Fund focused on disruptive blockchain technology implementations. His entire career has been dedicated to strategy, growth and disruption. Lior’s early involvement in global businesses and industry-wide disruptions has shaped his professional approach in a uniquely deep manner. Lior has spent all of his life researching business theory, deciphering the ideas behind parabolic growth and competitive strategy.

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