Field Note #5. On "Why You Probably Don't Need a Blockchain"

Source: Andolfatto, Blockchain: What Is It, What It Does, and Why You Probably Don’t Need One, Fed. Res. Bank. of St. Louis Review (2Q 2018), pp. 87-95).

If Andolfatto’s hypothesis that the main competitive advantage of blockchain technology is to enable DAOs, perhaps it follows that any project not explicitly structured as a DAO has a particularly high presumptive bar for defending why the project is a 10x improvement over the status quo and not simply an incremental and typical on-going advancement in the database management field.

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