Businesses Broke Ground on Blockchain What Can Civic Groups Learn

Businesses Broke Ground on Blockchain. What Can Civic Groups Learn?

At best, blockchain has been a trial-and-error technology. For every successful cryptocurrency, there are a dozen cases like Civil, which had to cancel its initial coin offering after failing to gain traction on a plan to use blockchain to verify user-submitted news content.

Although 84 percent of global companies are dabbling in the decentralized ledger technology, the truth is that 92 percent of blockchain projects have failed. Firms have found the technology’s promise to verify data in a decentralized way appealing, but they’ve struggled to implement it effectively. Those that get beyond blockchain’s technical hurdles have found it difficult to engage users, while others have learned the technology isn’t as...






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