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"Blockchain" is the word on everyone's lips in the tech industry, with vendors pushing it as a solution for everything from banking and finance to retail and apparel. "We're going to continue to see tech vendors trying to push blockchain as the solution to problems that may exist," said Rebecca Wettemann, VP of research at Nucleus Research. However, blockchain may not be "a privacy-effective or cost-effective solution" for all of them. Product research is one area where blockchain does appear to show promise.
My introduction to blockchain technology came through cryptocurrency, beginning with Bitcoin. One aspect that always bothered me was the apparent computational intensity of recording the transactions. I cannot see how such a network could avoid severe processing bottlenecks as it scales, making it impractical for something that is supposed to have large numbers of users. I'm curious what could be done to streamline the process?
