DOI: 10.1201/9781003225607-9

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Chapter 9

Conclusion

Blockchain is on a journey to be adopted in every industry. The value addi-

tion of adopting blockchain is significant.

In this book, we have gone through the following topics:

• Basics of blockchain technology

• Technical architecture of blockchain

• Overview of Crypto currencies and how to transact them

• Overview of blockchain products and platforms

• Critical analysis of blockchain technology

• Use cases of blockchain in the industry to replace or improve existing

business journeys

• Framework to assess the validity of blockchain adoption

• Strategy formulation and execution of strategic outcomes

• Business case creation to achieve budget allocation for strategic

initiatives

• A case study to apply the knowledge earned in the whole book.

Although there is a lot of hype about blockchain, some of it is real as well.

The adoption of blockchain is still on a journey to become mainstream, and

the journey has just started. In my view, blockchain has real potential to

disrupt all sectors due to its unique features including immutability, trans-

parency and consensus mechanisms.

IS BLOCKCHAIN A HYPE OR A HOAX?

As the book title is Blockchain: A Hype or a Hoax?, it is essential to con-

clude the outcome of this book in this chapter. We discussed a lot of topics

trying to focus on real-life use cases as well as critical analysis of adoption

of blockchain within different sectors.

In this section, we will refresh and focus on articulating a conclusion.

The following are the conclusive points to make an assessment on whether

blockchain is a hype or a hoax: