Being the largest technology buzzwords of the recent few years, blockchain is portrayed as a cure for literally anything that troubles you comprising cybersecurity. But when it comes to cybersecurity, blockchain might actually do more bad than good.
The general idea behind blockchain is that you have a ledger, a list of items, that you would be sharing with your co-workers. Encryption helps you to stay away from having to change the previous essentials on that list unless most of your co-workers sign off on the change.
Though security experts do agree that blockchain does have a lot of scope in their space, there is still a downside of there being an issue with the transaction instead of having that central entity step in and solve the issue and correct the ledger.