What is Blockchain and Do you need it?

Blockchain technology offers new tools for authentication and authorization in the digital world that preclude the need for many centralized administrators. As a result, it enables the creation of new digital relationships.

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By formalizing and securing new digital relationships, the blockchain revolution is posed to create the backbone of a layer of the internet for transactions and interactions of value (often called the ‘Internet of Value’, as opposed to the ‘Internet of Information’ which uses the client-server, accounts and master copy databases we’ve been using for over the past 20 years).

But, with all the talk of building the digital backbone of a new transactional layer to the internet, sometimes blockchains, private cryptographic keys and cryptocurrencies are simply not the right way to go. This simple tool created jointly by The Development CAFE and Niras Data Futures Hub helps you decide if you need a blockchain for your project, and if yes what type of blockchain.

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Click here to download on your Android Phones (IoS coming Soon)!

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