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7 Blockchain Challenges to be Solved before Large-Scale Enterprise Adoption
( go to the article → https://datafloq.com/read/7-blockchain-challenges-solved-enterprise-adoption/6949 )
When organisations adopt new technologies, the context of that technology plays an important role. How people deal with the material properties of new technology is informed by their previous experience of using or not using similar technologies in the past. Since blockchain is still a new technology, how organisations adopt this technology also depends on how existing and related challenges are resolved. These affect how organisations apply blockchain and smart contracts, and whether the design and decision-making capabilities within will or can change at short notice. Currently, many enterprises are experimenting with blockchain, but few have implemented a decentralised solution. According to a 2019 Deloitte report on enterprise blockchain adoption, 53% of the 1386 interviewed executives stated that blockchain had become a critical priority. However, only 23 per cent have actually initiated a blockchain deployment. While blockchain is gaining traction and acceptance in more industries, there are still some challenges left that need to be fixed first before we will see large-scale deployment. Let take a look a seven blockchain challenges that need to be fixed; Seven Blockchain Challenges 1. Scalability The first challenge is the technical scalability of blockchain, which is, at least for public blockchains, a hurdle that could limit their ...Read More on Datafloq
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