9 Reasons Blockchain Projects Fail (And How To Succeed)
Security Boulevard, January 6th, 2023
At least 95% of enterprise blockchain projects end in failure. Was yours one of them, or could it be on the same path to failure? The slow death of blockchain consortia has everyone in the industry thinking the worst.
When champions of blockchain say, 'There's nothing you can do with a blockchain that you can't also do faster and cheaper with a traditional centralized computing infrastructure,' it's hard not to wonder whether they're right. But people are clearly looking to solve real business problems with blockchain, and no centralized infrastructure has demonstrated the transparency and trust at such low cost that blockchains can deliver.
Here are the root causes behind blockchain project failure: