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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by Mr Crypto Lemon