Trends Report

Brief: Learning The Lessons From Two Major Disasters In The Blockchain Universe

What The DAO Debacle And The Bitfinex Hack Mean For Enterprise Blockchain Initiatives

August 25th, 2016
Martha Bennett, VP, Principal Analyst
Martha Bennett VP, Principal Analyst
With contributors:
Pascal Matzke , Jost Hoppermann , Carmen Margarit-Stoica , Peggy Dostie

Summary

Whether you followed the headlines about The DAO fiasco and the resultant Ethereum hard fork, or the disappearance of nearly 120,000 Bitcoins from cryptocurrency exchange Bitfinex — if you have blockchain projects running or under consideration, you need to understand the key lessons to be learned, and make sure your teams apply those learnings. In this brief, we summarize why these incidents matter, and what they mean for blockchain developments overall.

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