Blockchain is a young technology shrouded in myths. Because it’s complex, people often attribute unusual characteristics to the blockchain that give it a false reputation.
Due to the prevalence of these myths, many companies and government authorities are in no hurry to start using blockchain. That's why it's crucial to carefully study the facts and not let myths overtake reality. When building the advanced businesses of tomorrow, it’s vital to seize every opportunity to use advanced technologies that offer competitive advantages. To that end, here are five common misconceptions about blockchain that are hindering its uptake.