How to choose a proper use case
With so much speculation about blockchain technology and its potential impacts on existing business models, it is a time to be realistic. In Gartner's most recent Hype Cycle for Emerging Technologies report, blockchain is said to have entered the trough of disillusionment phase, the third phase of the company's hype cycle metric, as shown in the following screenshot:
Between Q4 2017 and Q1 2018, the price of 1 BTC reached above 19K and then quickly dropped down 10k in a matter of days. It is 3.4K on December 11, 2018. This eye-popping roller-coaster in BTC price has led to the cooling down of frantic speculations on cryptocurrencies and consequently a reduction in investment in cryptocurrency projects. In addition, the limitations of the technology are also a factor, making the technology unsuitable for certain use cases. A well known issue is the low rate of transactions per second (TPS) inherited by most blockchain platforms from Bitcoin, as discussed in...
