Strengths, Weaknesses, Opportunities and Threats to Blockchain in Industries Beyond Crypto

Abstract

Despite the hype of the blockchain technology, the implementation and execution of blockchain technologies in sectors beyond cryptocurrency is lagging and below par. Understanding the reasons behind this lag is important to enable addressing any voids and enable making maximum use of the technology. We shed light on this void by trying to identify the strengths, weaknesses, opportunities, and threats (SWOT) faced by the use of blockchain technologies in industries beyond crypto, and thereby, draw insights valuable to develop a blockchain platform for healthcare.