What blockchain isn't

As we've just discussed, despite blockchain being fascinating due to its cryptography-based security, decentralized nature, and nearly immutable data storage mechanism, it's very important to understand its limitations.

Blockchain's ideal implementation is with atomic events or transactions, where minimal information about an event is stored as a transaction; these transactions can be clubbed together in a single block and added to a blockchain. Although a blockchain network is good at handling a global state, it would not add much value when it comes to storing data in bulk, as there would be scalability issues. It's very important to understand when best to apply blockchain technology to develop an application. We will explore when not to use blockchain in Chapter 11, When Shouldn't We Use Blockchain?.