Tuesday, February 13, 2018

What are the Top Technical Barriers to Adoption Facing Blockchain?

Just how far way is mass adoption of Blockchain across multiple industries and applications? The reality is that it could be many years before trustless systems are ready for mainstream use at scale. Some of these barriers include: Privacy, Limited Scalability, Store limitations, Ill-defined Governance and Standards, Insufficient Tools, Lack of adequate Consensus Mechanisms and beyond. Nevertheless, with the technical and market opportunity so vast, like any emerging technology, many of the brightest minds on the planet are lining-up to take on the challenges with the goal of reaping major rewards. Just reflect back on the origins of what are considered mainstream technologies today … microchips, spreadsheets, operating systems, smartphones, cyber security, etc. Take a further look at the International Development Research Center – Blockchain Hub. See you soon. Lawrence, Blockchain Academy (https://cryptocurrencyacademy.blogspot.com

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