Blockchain Decision Tree - Reading Assignment

  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.

  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.