The 6 Major Hurdles for Blockchain Adoption
A new report from post-trade services firm Euroclear on distributed ledger technology details various aspects of the blockchain and its innovative technology. It goes without saying distributed ledgers can be useful to various aspects of life, but there are certain hurdles to overcome before this can become a reality. In the end, it all comes down to....
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The majority of financial service executives believe blockchain technology will be hugely important to their industry over the next 10 years, according to a survey sponsored by Synechron, a global and technology consultancy based in New York, N.Y. The TABB Group conducted the survey on behalf of Synechron, and it included 92 banking and capital markets institutions. The survey queried executives directly involved with technology decisions about the potential of blockchain technology and artificial intelligence. More than 55% of respondents said that over the next 10 years, blockchain will....
Electricity follows the path of least resistance. Apparently, so does blockchain adoption. The gaming industry has opened the door for many new technologies, providing a gentler learning curve and disguising some of the technical hurdles with fun and exciting gameplay. Looking at examples from early consoles and arcade cabinets to VR, to online communities, gaming […]
The blockchain sector has known for years that technical hurdles need to be eliminated for mass adoption to take place. Has any progress been made? For several years, one of the biggest hurdles to blockchain adoption has concerned the fact that it’s a rather technical space. Experienced developers find it daunting to build decentralized apps using this technology. Meanwhile, consumers unaccustomed to tokens and crypto wallets often struggle with user interfaces that are far clunkier than what mainstream platforms provide.With cryptocurrencies punching into the mainstream consciousness like....
Mainstream adoption of emerging technologies such as blockchain is inevitable, a transformation that younger generations will carry out. Blockchain technology is one of the most promising technologies of our times, and the core concept of it is really simple. Essentially, it is a public ledger or database, and I think that public education about what blockchain actually is can be the key to its mass adoption.Lack of knowledge and perception from the general public of the differences between blockchain technology and cryptocurrency are the major hurdles of mainstream adoption. Hollywood and....
Bitcoin price extended its decline towards the $17,650 level before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support). Bitcoin is facing hurdles near the previous support at $18,500 and $18,600. The price is still well below the $19,000 pivot level and the 100 hourly simple moving […]