Blockchain Decision Tree - Reading Assignment


#21
  1. What are the benefits of using a normal database instead of a blockchain?

High performance. Known and robust technology. More staff profficient with it available for hire.

  1. What do you think the consequences would be of using a blockchain when you in reality don’t need one?

Increased time to market, high expenses, system performance lower than one the competitors might have.

  1. Why should there be more than 1 writer to a database in order to justify a blockchain?

Blockchain’s goal is to automate trust. A single writer can always trust himself, so there is nothing to automate.


#22
  1. Normal databases are faster and less expensive than blockchain databases.
  2. Wasting resources (time, money, etc).
  3. Blockchain is not necessary for 1 writer since trust is not an issue for this case.