It is not simple to decide when to use blockchain or when not. In this post, we'll understand this using a decision tree.
While everyone is talking about or moving ahead with Blockchain, You must also get tempted to implement blockchain technology, but for businesses, it is not simple to decide when to use blockchain or when not. Moreover, blockchain has not yet become mainstream or mature.
Undoubtedly, blockchain will change how businesses work and how the customer can access the information. As a business or an individual, you might want to ride the early bird ride and enjoy the perks of implementing early. But, it is tough for someone who isn’t familiar with blockchain to decide whether to take that leap and if it is implemented, blockchain is best suited for you.
So, to simplify all that below is a beautiful Decision Tree, which can help you in deciding whether Blockchain is for you and if yes then which type is best suited to you.