Will Blockchain Ever Reach Mainstream Adoption? A Look in 2019 - G2 | The Blockchain & MarTech Alert | Scoop.it

Research has shown that:

  • 84% of executives say their organizations have at least some involvement with blockchain technology (PWC 2018 Survey)
  • 53% of respondents say that blockchain has become a critical priority for their organizations in 2019 (Deloitte’s 2019 Global Blockchain Survey)
  • 86% say blockchain technology is broadly scalable and will eventually achieve mainstream adoption (Deloitte’s 2019 Global Blockchain Survey)
  • There are over 40 million blockchain wallet users

 

So what’s holding blockchain back from mainstream adoption? Well, there are many key challenges facing distributed ledger technology that are keeping it out of reach for most business owners.

  • Reason #1: Cost – blockchain applications are expensive
  • Reason #2: scalability and slow transaction speeds
  • Reason #3: Understanding – and trust
  • Reason #4: regulation