Universal blockchains buckle under real-world demands

Recent studies have shown that general-purpose blockchains fail to resolve industry disputes over construction changes and equipment usage. This phenomenon indicates the limitations of the distributed ledger technology provided by blockchains and emphasizes the need for solutions tailored to specific industry needs. Specialized layer 1 blockchains, in particular, are optimized for interoperability, audit trails, and regulatory compliance. This allows businesses to meet traceability and compliance requirements, leading to increased demand. As generic solutions struggle to address universal problems, specialized approaches are gaining attention. Companies are exploring new business models using blockchain technology, which requires careful consideration of the overall market impact. Choosing the right technology based on industry needs will be crucial for future success.