Why Is It So Hard to Trust a Blockchain?

A new PwC survey identifies the barriers to blockchain adoption and four strategies to overcome them.

The rate of adoption for an emerging technology is influenced by how well it is understood and trusted. Potential adopters may feel anxious, or at least skeptical, about embracing a wholly new system — in particular, one that requires companies to rethink traditional ways of managing and sharing their data. This is perhaps especially true for blockchain, a technology whose very purpose is to fill gaps in confidence. Let’s dissect that paradox. Block-chain technology, by creating an immutable record of data transactions, should engender trust among its users. But survey data from a new global study by PwC reveals that trust issues are threatening to impede companies’ blockchain efforts at nearly every turn.

Read Full Article Here: http://lexusnetwork.com/2018/11/28/why-is-it-so-hard-to-trust-a-blockchain/

Follow me on Instagram: https://www.instagram.com/jenishtalaviya11/