How long will it take for blockchain-based services to replace existing services? For example, after the internet was introduced by the Pentagon’s Alphanet in 1969, it took more than 40 years for the existing offline business to become an online business using the Internet.
According to Deloitte, 53% of C-level officers — from CEOs to CFOs — identified blockchain as a crucial part of their organizational infrastructure in 2020 and a technology that can help their organization function more efficiently. Since November, PayPal has supported cryptocurrency trading services and recorded the company’s highest performance. Visa has also decided to support blockchain transaction services to banks worldwide. As a result, there is a way for banks to trade currency such as Bitcoin in the future.
No matter how new blockchain technology is, it seems not too far from commercializing blockchain-based services that can replace existing services at a time when technology development is accelerating.
What are the obstacles to implement blockchain technology?
Blockchain is often compared to the internet, but people knew how to use it intuitively when the internet first came out. Still, blockchain has an impressive background where technology comes before distinct use, so it has many obstacles to realization.
Continue reading:
https://www.forbes.com/sites/forbesbusinesscouncil/2021/09/29/overcoming-the-obstacles-to-implementing-blockchain-technology/?sh=7b7c3fc7d0ea
According to Deloitte, 53% of C-level officers — from CEOs to CFOs — identified blockchain as a crucial part of their organizational infrastructure in 2020 and a technology that can help their organization function more efficiently. Since November, PayPal has supported cryptocurrency trading services and recorded the company’s highest performance. Visa has also decided to support blockchain transaction services to banks worldwide. As a result, there is a way for banks to trade currency such as Bitcoin in the future.
No matter how new blockchain technology is, it seems not too far from commercializing blockchain-based services that can replace existing services at a time when technology development is accelerating.
What are the obstacles to implement blockchain technology?
Blockchain is often compared to the internet, but people knew how to use it intuitively when the internet first came out. Still, blockchain has an impressive background where technology comes before distinct use, so it has many obstacles to realization.
Continue reading:
https://www.forbes.com/sites/forbesbusinesscouncil/2021/09/29/overcoming-the-obstacles-to-implementing-blockchain-technology/?sh=7b7c3fc7d0ea
