William Mougayar is the author of "The Business Blockchain" and a board advisor to, and investor in, various blockchain projects and startups (see disclosures). Tired of scams? In this opinion piece, Mougayar argues that more failures are what's needed to take blockchain technology to the next level
In the world of startups, learning from failures is an inescapable reality, and part of the prevalent conventional wisdom. That is how the ecosystem and entrepreneurs move forward to greater heights, and with more successes. But in the burgeoning blockchain segment, we haven’t seen that many failures yet. At least, not of the scale and variety required to extract long-lasting lessons for the entire industry. And certainly, not enough to warrant a call for an imminent crash or correction.