7 common blockchain mistakes CIOs should avoid

Although blockchain continues to gain momentum, hospital and health system CIOs can experience the same pitfalls when experimenting with the new technology.

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Below are seven common mistakes to avoid, according to Gartner:

  1. Misunderstanding or misusing blockchain technology.
  2. Assuming that current technology is ready for production use.
  3. Confusing a limited, foundation-level protocol with a complete business solution.
  4. Viewing blockchain technology purely as a database or storage mechanism.
  5. Assuming interoperability among platforms that don’t exist yet.
  6. Assuming that smart contract technology is a solved problem.
  7. Ignoring governance issues for a peer-to-peer distributed network.

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