Universal Blockchains Face Real-World Challenges

General Blockchains Struggle to Resolve Industry Disputes

As companies rush to adopt blockchain-based solutions to address operational issues, platforms like Ethereum and Solana are proving inadequate for the specific needs of different industries. For instance, a construction entrepreneur who approved a last-minute change to a design plan without a formal agreement can later face litigation, highlighting the need for more specialized solutions.

Frequent Disputes in Leasing and Construction

Disputes related to asset usage and data collected by sensors are common in equipment leasing. This issue recurs across various industries, emphasizing the limitations of general blockchains in resolving real-world problems.

Demand for Specialized Blockchains

The construction industry, for example, requires simple audit systems that can anchor informal agreements while minimizing legal risks. Specialized blockchains, designed to manage industry-specific data flows, can significantly enhance the speed and efficiency of networks.

Financial Regulations and Technical Challenges

In the financial sector, complexity skyrockets as regulations demand stricter controls. These requirements cannot be effectively integrated into general blockchains, prompting financial institutions to develop their own solutions, such as JPMorgan's Kinexys or Stripe's Tempo.

Customized Blockchains on the Horizon

As institutional adoption of regulated blockchains continues to grow, it is expected that these customized solutions will become the norm in the crypto landscape. While generalized networks like Bitcoin and Ethereum remain relevant for security, specialization will lead to a diversification of blockchain solutions in the market.