You can make 2 types of errors in decision making: Believing that something works when it actually doesnt (Type I error), or, believing that something wont work when it actually does (Type II error).
Blockchain Corporations and Startups tend to make Type I errors (over ambitious, hype, inflated expectations without data, lack of evidence and reality-check).
Governments and Policymakers on the other hand tend to make more of Type II errors (inaction, missed opportunity costs, pessimistic view to tech).
Evidence-Based practitioners tend to make less of both Type I and II errors as they base their decisions on best available scientific evidence (and not perceptions or intuition), thereby increasing the chances of successful outcomes.
Naseem Naqvi FBBA FRCP FHEA MSc
Chair, Centre for Evidence-Based Blockchain (CEBB)