Blockchain not the best technology for every use considered, says Australian government report

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Mike Daly

Transformation, AI, Insurtech, Insurance Transformation

Get in touch

Mike Daly

Transformation, AI, Insurtech, Insurance Transformation

Blockchain still an incomplete solution looking for a problem to solve?

Use cases look best for private managed solutions like Mearsk and Shipping but that's not the widespread adoption blockchain promised.

For now "..without standardisation and a lot more work, for every use of blockchain that you would consider today there is a better technology.”

One other key question; how does GDPR compliance, redaction and "right to be forgotten" i.e. remove personal data work in a public blockchain?

According to the report DTA chief digital officer Peter Alexander said: “Our position today, and this is an early write-up, is that blockchain is an interesting technology that would be well worth being observed, but without standardisation and a lot more work, for every use of blockchain that you would consider today there is a better technology.”

www.computerweekly.com/...