As it may seem from my previous posts, the use of Blockchain brings to the society mostly the benefits. Blockchain technology sounds too good to be true. Why then is it still not widespread? Why don’t we live yet in the crypto paradise enjoying transparency and security of Blockchain? Before we look at Blockchain challenges and their solution, check out Blockchain’s best existing and possible implementations in the following blog posts:
Blockchain Technology against Unethical Marketing Practices
Blockchain in Online Education
Can Blockchain help fighting Coronavirus
Final thoughts:
Blockchain is a very promising innovative technology. However, it faces a lot of challenges and problems like any other new technological application. Image problems, scalability and energy consumption are the most known of them. Also, the supply of professionals does not cover the demand as well as education on Blockchain processes is insufficient at the time. Therefore, the problems are not solved as fast as the industry requires it. The good is that solutions could be found in the understanding of the problems. The society and the industries should take time and get ready for development and implementation of such a mind-changing technology, because Blockchain will bring many changes, which are not welcome by everybody. I believe that the crypto community will do more research to overcome considerable challenges involved with Blockchain deployment and the Blockchain applications will be able to improve our business practices.
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