“It (Blockchain) Can be Overhyped and Still have Significant Use Cases” – Founder of ChainFront

Blockchain technology has provided innovation to many startups. It has successfully attracted many supporters who applaud its signature characteristics i.e privacy and security. While gaining the trust and approval from supporters, blockchain has also managed to gain opposition of many others. Many people argue about the budget allotted to it or the use cases it is capable of providing.

Recently, McKinsey & Company exhibited a stance that explained about the scarcity witnessed when use cases of the blockchain were looked upon. Apart from limited use cases, it was suggested that blockchain wasn’t progressing from its initial phase and now people are doubtful for its future. To examine the credibility of claims made against the blockchain, BlockPublisher reached out to Alan Warms, the founder of ChainFront. While investigating, Alan was asked if he believed that blockchain was overhyped technology and had limited use cases. He responded:

Yes, I do agree with that. But it can be overhyped and still have significant use cases, though in my opinion more limited than have been hyped.

Alan has also founded BuzzTracker.com, Participate Systems and Participate Learning, an ed-tech company. He speaks on crypto and associated technologies as well. He laid an important and unique narrative when he was inquired about use cases of the blockchain and the hype associated with blockchain.

Blockchain technology is considered to possess the potential for revolutionizing processes and procedures. Now, it has been around for more than a decade. It can be said that people who are not satisfied with blockchain do expect a lot more than what the technology has successfully achieved by now.