Blockchain Technology Adoption is Going Mainstream
The Blockchain technology has been around for quite some time. At first it was an unknown technology which nobody attributed any value or utility. Today, it is a widely known technology and surprising new players, such as IBM, are leading the latest wave of blockchain technology adoption. Along the years the underlying bitcoin technology has been quietly advanced on several tech fronts. IBM, the world's largest information technology company already announced it was introducing a new Blockchain-based protocol specially designed for smart contracts. The company is also trying to get the....
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Mainstream adoption of Blockchain, Bitcoin and other cryptocurrencies has been hampered by problems associated with the ease of use, negative public relations and the methodology of application, among other factors. Blockchain is a distributed ledger technology that supports P2P trading without the need for a central market function. While it is most widely known as the infrastructure on which Bitcoin runs, potential use cases are emerging in a number of industries, including utilities. Blockchain is appealing to industries whereby there is a need to accelerate transaction times, remove....
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 has been around for about 7 years now and its adoption is gradually picking up. But when we say that bitcoin adoption is picking up and lot of people are using it to make payments etc., we are actually referring to only a fraction of total world's population. We have been reading about forecasts that say "bitcoin is going mainstream", but how can we call that "going mainstream" when bitcoin adoption is less than a meagre 1 percent. READ MORE: Bitcoin Community to Hit 5 Million Mark by 2019. Is bitcoin ever going to be mainstream? Banks incorporating bitcoin technology for their....
Despite the finance service industry being bullish on blockchain and crypto, respondents still outlined cybersecurity as the greatest hurdle to mainstream adoption. Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), has already gained mainstream popularity, according to global finance executives polled by Big Four auditing firm Deloitte.According to Deloitte’s 2021 Global Blockchain Survey, 81% of the financial services industry (FSI) executives believe that blockchain technology is “broadly scalable” and has achieved mainstream adoption.Released last Friday, the....
Stephan Holzer argued that providing a simpler way to own NFTs can boost the mainstream adoption of the technology. On day four of the World Economic Forum 2022, there were presentations on nonfungible tokens (NFTs), with speakers sharing their takes on use cases and adoption. At Blockchain Hub Davos, Veritic CEO Stephan Holzer and Seal Storage Technology CEO Alex Altman spoke on the importance of NFTs, their role in society and how the community can attract the mainstream to use the technology. In his lecture, Holzer argued that simplifying access to NFTs may push mainstream adoption....