Still, while Blockchain has been nearly universally acknowledged as ‘The Next Big Thing’ its real world adoption has been slow and cumbersome. Even the original app of Blockchain--Bitcoin--has experienced slow uptake in the conservative and highly regulated banking and finance sectors.
Although Bitcoin fueled industry development several years ago, Blockchain is now being used in numerous different areas. For the moment, Bitcoin remains a speculative currency, often saddled with the “bad boy” reputation that comes from being the primary source of financing on the darkweb. Bitcoin continues to evoke scrutiny from largely confused regulators and law enforcement agencies, whilst remaining a ‘black box’ phenomenon for common folk and the majority of traditional market players.
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