11

Distinguishing Facts from Myths

1.5  CONCLUSION

Blockchain will have an effect on any field it crosses, from supply chains to human

resources. Myths about what DLT is and how it operates, on the other hand, continue

to dissuade companies from taking advantage of its much greater ability for pro-

gressive change. There is apprehension about blockchain technology. Nevertheless,

myths about DLT impede companies from leveraging its far-reaching possibilities

and limit its positive impact on change. The fear factor associated with blockchain

technology has spread into its use in cryptocurrency technology. This chapter reveals

the most common misconceptions that persist about blockchain technology. It elabo-

rates the misconceptions about blockchain and its capabilities by taking a closer

look at the reality. Furthermore, it reveals the shortcomings of blockchain, allowing

a more accurate understanding of the technology.

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