6 Alternatives to Blockchain for Businesses to Consider | In the News

Blockchain has risen to prominence thanks to enthusiasm about cryptocurrencies such as Bitcoin, Ethereum and Dogecoin. Businesses have also taken note of the promise of blockchain technology to improve the transparency and data integrity of distributed transactions.

Suseel Menon, senior analyst at Everest Group, said the trust and security policies and governance layers of cloud services are sufficient for most enterprise applications. In addition, several third-party data storage services can provide better governance and security with far less overhead than a blockchain would entail, he said.