> For the complete documentation index, see [llms.txt](https://functional.gitbook.io/database_comparison_report/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://functional.gitbook.io/database_comparison_report/blockchain/blockchain-misconceptions.md).

# Blockchain Misconceptions

First, the blockchain is definitely right for you if you want to raise money through an ICO (initial coin offering) or to create your own cryptocurrency.

<figure><img src="/files/pa9smwpgX63sqGshb9rG" alt=""><figcaption></figcaption></figure>

Second, the blockchain is probably the right choice if you want to create something that's stronger with a decentralized database and also prone to fraud. Besides the financial industry, other commonly cited applications of blockchain are in identity management and healthcare.

Most businesses, however, will find that centralized databases are the best place to start. Unless you're seriously worried about attacks and fraud, a blockchain isn't worth the major investments in time and money that it requires.