What are some common misconceptions about blockchain?

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I'm not sure I would say it's a misconception but the skills gap still exists, especially on the enterprise IT front. Until we can overcome the skills gap around blockchain, we’re unlikely to see mass adoption in the enterprise IT space.

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The biggest misconception about blockchain is that it’s the same thing as cryptocurrency. Whenever you start talking about blockchain, everyone starts talking about cryptocurrencies and financial applications, whether they know it or not. I remember the same thing happening in the early ‘90s: Everyone thought Internet Explorer or Netscape was the internet, but those were representations of a much broader technology that would come to be far more disruptive. It’s not a coincidence that blockchain was invented in 1991, right when the internet became more prominent and people started using it via personal computers. 100 years from now, we will look at blockchain, AI and the internet as emerging technologies that changed the course of human history.

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Another big misconception about blockchain is that it caters to only Financial Industry related use cases.

What are some common misconceptions about blockchain?

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