{"id":721,"date":"2018-06-07T02:49:29","date_gmt":"2018-06-07T02:49:29","guid":{"rendered":"http:\/\/kusuaks7\/?p=326"},"modified":"2026-05-22T09:52:30","modified_gmt":"2026-05-22T09:52:30","slug":"the-pros-and-cons-of-buying-into-the-blockchain","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/fintech\/the-pros-and-cons-of-buying-into-the-blockchain\/","title":{"rendered":"The Pros and Cons of Buying Into the Blockchain"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"721\" class=\"elementor elementor-721\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-49295764 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"84075\" data-id=\"49295764\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51442ecc\" data-eae-slider=\"63227\" data-id=\"51442ecc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61f8ff75 elementor-widget elementor-widget-text-editor\" data-id=\"61f8ff75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong><em>Ready to learn Blockchain?\u00a0<a href=\"https:\/\/www.experfy.com\/training\/courses\">Browse courses<\/a>\u00a0like\u00a0<a href=\"https:\/\/www.experfy.com\/training\/courses\/blockchain-for-finance-professionals\">Blockchain for Finance Professionals<\/a> developed by industry thought leaders and Experfy in Harvard Innovation Lab.<\/em><\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-f15f0e5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"94180\" data-id=\"f15f0e5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-96be649\" data-eae-slider=\"13268\" data-id=\"96be649\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9f013c3 elementor-widget elementor-widget-text-editor\" data-id=\"9f013c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tBlockchain is hailed by many as a revolutionary and transformative technology that will effectively alter the state of modern cybersecurity and digital transactions. It was developed to power the infamous Bitcoin, one of the more popular cryptocurrencies currently in use.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-d01605e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"84123\" data-id=\"d01605e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aeb0e7d\" data-eae-slider=\"78229\" data-id=\"aeb0e7d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f47fb3 elementor-widget elementor-widget-text-editor\" data-id=\"3f47fb3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tIn layman\u2019s terms, blockchain is a modern, digital ledger designed to record and secure all transactions that happen under its reach. It\u2019s distributed, meaning it\u2019s not a centralized network, and it\u2019s not controlled or affected by a single entity or party. Rather, the entire blockchain is a public and open network of sorts, meant to facilitate the exchange of data and information. Every entry or transaction \u2014 referred to as a block \u2014 that happens along the chain is both verified and secure from external influence.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-ab3223c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"3321\" data-id=\"ab3223c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-012a4b8\" data-eae-slider=\"29411\" data-id=\"012a4b8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15ccca2 elementor-widget elementor-widget-text-editor\" data-id=\"15ccca2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tBefore a transaction or digital \u201cblock\u201d can enter the network, it must be verified. This process includes gathering information, such as answers to the following:\n<ul>\n \t<li>Is the currency or \u201cvaluable\u201d asset truly there?<\/li>\n \t<li>Are the sender and receiver reputable and verified?<\/li>\n \t<li>Is the transaction request legitimate, and can the involved parties be trusted?<\/li>\n<\/ul>\nThis verification is part of what makes blockchain technology so alluring because it&#8217;s transparent, accurate and decentralized.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-0d450d5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"17252\" data-id=\"0d450d5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5e03d2a\" data-eae-slider=\"92457\" data-id=\"5e03d2a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ae34b5f elementor-widget elementor-widget-text-editor\" data-id=\"ae34b5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tIn truth, blockchain is closer to a foundation. It provides the structure, basis and support for future transactions and data exchanges and will likely be expanded upon over time. More technologies and similar platforms, for instance, will be overlaid and incorporated into it.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-d8a7ac5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"38557\" data-id=\"d8a7ac5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-64b8c92\" data-eae-slider=\"68256\" data-id=\"64b8c92\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e67225 elementor-widget elementor-widget-text-editor\" data-id=\"5e67225\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tA deeper and more intrusive understanding of blockchain <a href=\"https:\/\/www.techrepublic.com\/article\/blockchain-cheat-sheet\/\" rel=\"noopener\">requires a considerable guide<\/a>. For now, we\u2019re going to focus on the pros and cons of the technology, which will probably influence whether or not you want to adopt it for yourself or within your organization.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-0cbc588 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"31799\" data-id=\"0cbc588\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-133b167\" data-eae-slider=\"85099\" data-id=\"133b167\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f5af78e elementor-widget elementor-widget-heading\" data-id=\"f5af78e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><h2><strong>The Many Pros of Blockchain Technology<\/strong><\/h2><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-cb3b2eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"91485\" data-id=\"cb3b2eb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-131b37d\" data-eae-slider=\"39514\" data-id=\"131b37d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33b2a09 elementor-widget elementor-widget-text-editor\" data-id=\"33b2a09\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tBlockchain is built upon an incredibly secure yet open network that\u2019s decentralized and free from direct corruption or alteration. Anything of value \u2014 data especially \u2014 can be transferred or exchanged in a safe, confidential and transparent manner. All transactions are also free from subsequent alterations after being stored on the chain. Blockchain is considered to be like a ledger. The difference is that anything recorded via the digital chain cannot be erased or changed like written details in a paper ledger.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-7df907e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"93591\" data-id=\"7df907e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2854030\" data-eae-slider=\"80215\" data-id=\"2854030\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e97b82b elementor-widget elementor-widget-text-editor\" data-id=\"e97b82b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThis characteristic highlights the most important benefit of blockchain. Anything you see on the network is accurate, verified and trustworthy. At the same time, all parties remain confidential. What you can see is the transaction, how much \u201cvalue\u201d or currency was exchanged and some of the minor details, like dates and times.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-ff71097 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"55603\" data-id=\"ff71097\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5cede73\" data-eae-slider=\"29657\" data-id=\"5cede73\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1de976a elementor-widget elementor-widget-text-editor\" data-id=\"1de976a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAll transactions are stored via a massive peer-to-peer and global network, which is the &#8220;chain&#8221; in the technology&#8217;s name. To change a particular detail or entry, you&#8217;d need to simultaneously alter the information across the entire network, which is seemingly impossible.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-ae8762b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"73893\" data-id=\"ae8762b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3cef274\" data-eae-slider=\"84822\" data-id=\"3cef274\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3415918 elementor-widget elementor-widget-text-editor\" data-id=\"3415918\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAnother benefit is that the value or currency being exchanged is free from a conventional and centralized influence. For example, in the event of an economic crisis, banks and financial agencies can freeze fiat currencies. This interference is simply not possible with cryptocurrencies and the content stored within a blockchain. Furthermore, transactions are irreversible. This quality can be considered both a pro and a con, but provided you\u2019re careful and smart, it should work in your favor.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-d1a9585 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"76622\" data-id=\"d1a9585\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65e1533\" data-eae-slider=\"99874\" data-id=\"65e1533\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b22c933 elementor-widget elementor-widget-heading\" data-id=\"b22c933\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><h2><strong>Blockchain Benefits Apply to More Than Digital Currencies<\/strong><\/h2>\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-77f20be elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"49505\" data-id=\"77f20be\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-99a4e13\" data-eae-slider=\"61001\" data-id=\"99a4e13\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de9fe30 elementor-widget elementor-widget-text-editor\" data-id=\"de9fe30\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tBefore we touch on the cons, we want you to understand what implications blockchain has for more than just digital and cryptocurrencies. You see, while that\u2019s the common application of the technology, it\u2019s not the only way blockchain can and is being used.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-a2a248e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"27397\" data-id=\"a2a248e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0b585f0\" data-eae-slider=\"78380\" data-id=\"0b585f0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d8f36d elementor-widget elementor-widget-text-editor\" data-id=\"3d8f36d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe \u201ccurrency\u201d or \u201cvalue\u201d exchanged along the chain <a href=\"https:\/\/blockgeeks.com\/guides\/blockchain-applications\/\" rel=\"noopener\">can be just about anything<\/a>. It can be used in the modern supply chain to keep track of goods and foods being transported. It can also be used in business settings to exchange sensitive documents, like a real-estate buyer\u2019s agreement. In healthcare, blockchain is being used to store, share and facilitate the transfer of important health and patient records. It\u2019s even being applied in the music industry to handle media ownership rights, royalties and content distribution.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-9fc8646 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"55241\" data-id=\"9fc8646\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f327d7f\" data-eae-slider=\"16655\" data-id=\"f327d7f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b8c54a elementor-widget elementor-widget-text-editor\" data-id=\"9b8c54a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tIn every one of these situations, the above benefits apply to the related content. Real-estate transactions and contracts, for example, see greater levels of transparency and security when exchanging hands via a blockchain system.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-ae44889 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"28467\" data-id=\"ae44889\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-89e0f61\" data-eae-slider=\"94344\" data-id=\"89e0f61\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea91e40 elementor-widget elementor-widget-heading\" data-id=\"ea91e40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><h2><strong>Blockchain Technology Cons: What You Need to Know<\/strong><\/h2>\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-928b294 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"56338\" data-id=\"928b294\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a871532\" data-eae-slider=\"82134\" data-id=\"a871532\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b56e0d8 elementor-widget elementor-widget-text-editor\" data-id=\"b56e0d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe biggest setback of blockchain technology relates to adoption. Since blockchain is relatively young, support can be hard to find or build momentum toward. It also means that if you have an idea or use-case for the technology, you\u2019ll have to develop its structure yourself, in-house. This issue is considered to be one of the biggest \u2014 if not the biggest \u2014 <a href=\"https:\/\/optimalidm.com\/resources\/blog\/blockchains-barriers-to-entry\/\" rel=\"noopener\">barriers to entry<\/a>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-29188e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"16837\" data-id=\"29188e7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2355852\" data-eae-slider=\"82498\" data-id=\"2355852\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-decb59b elementor-widget elementor-widget-text-editor\" data-id=\"decb59b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tTo put it into perspective, with cryptocurrencies like Bitcoin, many governments, offices and retailers don\u2019t accept them. Their value fluctuates, and they\u2019re not widely understood. Therefore, if you invest in cryptocurrencies like Bitcoin, Monero or Etherium, you may find yourself unable to use the profits you\u2019ve earned. With digital data and content, the issues aren\u2019t quite so glaring, but it does mean that adoption may be slow and partners or interested parties may need time to begin using the system(s) in place.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-8e2a43b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"75627\" data-id=\"8e2a43b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4cae764\" data-eae-slider=\"13421\" data-id=\"4cae764\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3504183 elementor-widget elementor-widget-text-editor\" data-id=\"3504183\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\nFurthermore, because of the nature of blockchain technology \u2014 especially since all transactions are final \u2014 it\u2019s a rampant market for scammers, seedy characters and hackers. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-02-16\/riot-blockchain-tumbles-after-expose-raises-manipulation-concern\" rel=\"noopener\">Manipulation can and does occur<\/a>, which shows that even highly secure technologies are not infallible.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-4a8a388 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"2590\" data-id=\"4a8a388\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0d90f63\" data-eae-slider=\"74126\" data-id=\"0d90f63\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c20f8a0 elementor-widget elementor-widget-text-editor\" data-id=\"c20f8a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSince blockchain is decentralized, it cuts out the need for intermediaries like banks, financial professionals and advisors, lawyers and even government or regulatory agencies. In today\u2019s world, there are still a lot of people involved and employed in these institutions. As a result, swapping to blockchain \u2014 at least in a financial sense \u2014 will be resisted heavily. It\u2019s likely that this pattern will be seen in other industries too because there are other intermediaries that might feel the impact of the technology\u2019s adoption.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-3ad59a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"67781\" data-id=\"3ad59a6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1ace856\" data-eae-slider=\"57020\" data-id=\"1ace856\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f7b329c elementor-widget elementor-widget-text-editor\" data-id=\"f7b329c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tFor applications of blockchain in the real estate industry, for example, anyone dealing with legal documents \u2014 like notaries and financial or estate managers \u2014 could be cut out of transactions entirely. Imagine a buyer selling directly to another party, with all documents and contracts exchanging hands via the blockchain. Only the buyer, seller and required legal professionals would be accessing and handling the digital documents \u2014 everyone else would be effectively removed from the transaction.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-18fdcb6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"75848\" data-id=\"18fdcb6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a7127a4\" data-eae-slider=\"12240\" data-id=\"a7127a4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e3b578b elementor-widget elementor-widget-heading\" data-id=\"e3b578b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><h2><strong>Blockchain Is Promising but Not Perfect<\/strong><\/h2>\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-34e6ec2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"30493\" data-id=\"34e6ec2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49077b3\" data-eae-slider=\"31798\" data-id=\"49077b3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-861fc39 elementor-widget elementor-widget-text-editor\" data-id=\"861fc39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAs you can see from the list of cons, a few quirks and issues still need to be worked out with the technology. The barriers to entry and slow adoption rates are just a couple examples, which will eventually be less of a problem as support and training continue to grow.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-6c077bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"9407\" data-id=\"6c077bd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1fa3f9e\" data-eae-slider=\"56663\" data-id=\"1fa3f9e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73ee526 elementor-widget elementor-widget-text-editor\" data-id=\"73ee526\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tDon\u2019t be discouraged completely by the aforementioned cons. They may show that the technology isn\u2019t right for you at this stage, but that could change in the near future. You may even find that the security, transparency and decentralization boons outweigh the setbacks.<a name=\"_GoBack\"><\/a>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In layman&rsquo;s terms, blockchain is a modern, digital ledger designed to record and secure all transactions that happen under its reach. Before a transaction or digital &ldquo;block&rdquo; can enter the network, it must be verified. This verification is part of what makes blockchain technology so alluring because it&#8217;s transparent, accurate and decentralized. A deeper and more intrusive understanding, blockchain requires a considerable guide. For now, we&rsquo;re going to focus on the pros and cons of the technology, which will probably influence whether or not you want to adopt it for yourself or within your organization.<\/p>\n<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"author":217,"featured_media":3854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[192],"tags":[98],"ppma_author":[1745],"class_list":["post-721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-blockchain"],"authors":[{"term_id":1745,"user_id":217,"is_guest":0,"slug":"nathan-sykes","display_name":"Nathan Sykes","avatar_url":"https:\/\/www.experfy.com\/blog\/wp-content\/uploads\/2020\/04\/medium_5b077b8d-d190-4522-a96a-8144badf183b-150x150.jpg","author_category":"","user_url":"https:\/\/www.findinganoutlet.com\/","last_name":"Sykes","first_name":"Nathan","job_title":"","description":"Nathan Sykes is founder and editor of\u00a0\u00a0<a href=\"http:\/\/go.toutapp.com\/cd2cb75f51bb2db143\" target=\"_blank\" rel=\"noopener\">Finding an Outlet<\/a>, a platform for the latest news and trends in business technology.\u00a0"}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/217"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=721"}],"version-history":[{"count":0,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/3854"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=721"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}