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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