Many enthusiasts see the blockchain as a perfect solution to address a lot of problems in different sectors. But at the same time, industry experts think the first-mover advantage doesn’t apply to blockchain technology right now.
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Though the blockchain industry has seen a lot of attention from financial institutions and other industries lately, some experts feel the first-mover advantage is not as significant as far this technology is concerned. It is important to be prepared for the future, but no one should venture into the blockchain world without thinking it through properly.
Larry Tabb, founder of the research and strategic advisory firm TABB Group, posted an article on Tabb Forum on May 18th, explaining why blockchain has a first-mover disadvantage. It is the first time someone refers to this technology as potentially disadvantageous in such a manner.
While Tabb does not deny blockchains are a significant technological breakthrough, he prefers to err on the side of caution as far as this hype is concerned. According to Tabb, the power of the blockchain comes from “ubiquity and scale,” although the latter is somewhat problematic