Blockchain Value

Many believe blockchain is a one-for-all solution for security issues whereas that is not the case. It is a frequently misjudged technology that is purpose-built to solve issues in __________ networks.

These networks suffer from trust-issues in the information provided by each node. The _________ of a blockchain nullify this problem.

This feature opens up to new, novel applications of traditional technology modeled to operate under this paradigm. Any type of ________ can be safely conducted on the blockchain.

Focusing on this aspect, ______ blockchain implementations attempt to strip any unnecessary functionality from blockchains and render them ideal for business cases.

For example, the complex system of Hyperledger Fabric enables one to allow multiple companies and corporations to ______________ via multi-ownership smart contracts.

Additionally, its built-in PKI identity system allows users to read/write from/to the network as long as they __________ belong to an organization appropriate access rights of a specific ___________.

All these types of blockchains have sought out to implement private transactions on the network to allow users to write sensitive data on the blockchain without fear of compromisation. For instance, the Quorum blockchain by J.P. Morgan has a _______________ for managing private transactions.

In a more summarized sentence, blockchain is the ideal solution for decentralizing and distributing traditionally centralized and collective operations. As a tangible example, one would correctly be able to blockchain-enable ___________ as evidenced by the numerous initiatives in the space.

Another application area of blockchain tech that has not yet been thoroughly explored is the idea of distributed-verification of ________________.

Regardless of what scope blockchain is applicated in, one must know that it serves a very specific purpose and is not the ___________ solution for everything.