Blockchain – opportunity or threat

For me, blockchain bears some similarities to a nuclear reaction. A nuclear reaction is this double-edged sword because it is capable of producing the most efficient energy but can also harm a million people if weaponized. 

Similarly, on the one hand, we can nowadays see all those cryptocurrencies that have no other use than memes; hear of scammers trying to get rich on inexperienced folks or observe many other nasty practices that are commonplace. 

On the other hand however, we finally have a tool that can provide businesses with reliability, revolutionize their payments system and give more control over the data back to people. 

It is crucial to distinguish these two and prevent the negative from obscuring the positive. Blockchain technology can improve what businesses have to offer by making it more competitive and thus bringing more value to the clients.