BLOCKCHAIN – Why blockchain’s final touches may well be human (Cathy Barrera, Stephanie Hurder, WEF)

The humanoid robot Sophia, a creation of Hanson Robotics, is seen during a presentation at the Malta Blockchain Summit in St Julian's, Malta November 1, 2018. REUTERS/Darrin Zammit Lupi - RC1BD8D71FE0
Human intervention and judgment will ensure the success of the blockchain network, a report indicates. Image: REUTERS/Darrin Zammit Lupi
  • Blockchain does not yet eliminate the need for trust.
  • Limitations are due to the fact it is impossible to construct a contract that accounts for every scenario that may unfold.
  • Human intervention can help bridge the gap via governance and dispute resolution.