Execs Say Blockchain Adoption Has Been 'Harder Than Expected'
Forbes refers to a report issued by Greenwich Associates which says that 57% of more than 200 executives polled said implementing DLT has been harder that expected.
45% of execs said that blockchain scalability was a ‘major issue’, while 18% said it was not an issue.
A majority of firms surveyed had not yet taken their platforms to live production, and those in production were experiencing slow transaction speeds. However, the report quotes 2% of respondents suggesting they had been able to reach over 15,000 tx/sec.
Comments
I talked a few times about the challenges faced in bringing blockchain technology into the enterprise environment (scaling, privacy, security, implementation).
As a result I expected the huge number of blockchain trials, test, and proofs-of-concept to translate to a much smaller number of live production systems, and that expectation has been borne out so far.
The Greenwich Associates survey suggests that blockchain tech still has important hurdles to overcome before large scale widespread adoption of the technology in the enterprise space.
What do you think?
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Its because they want to 'own' the blockchains they run.
Why do you think Private blockchains are less scalable than public ones?
Thank you for the comment.
The benefit of private blockchains is simply to allow immutable data and improve the reliability of the information.
Agreed
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