Biggest Challenge for Blockchain Technology

Hello steemian friend

As we know, blockchain technology has great potential to be used in various fields. Starting from the fields of finance, to agriculture and humanity. However, even though the benefits of blockchain technology are being realized by various parties, it does not mean that the application is easy and without challenges.

Not only blockchain technology, other technologies also require a considerable amount of time before they can be widely accepted by the public. For example, cloud technology is used to make public confusion and email technology that takes 15 years before finally being used as widely as it is now.

What are the challenges for the blockchain? Come see

Perception of Blockchain is Bitcoin

Not a few people still think that blockchain and bitcoin are the same thing. No exception is the general public in Indonesia. This makes blockchain technology difficult to accept and misunderstood, especially in countries that expressly reject bitcoin cryptocurrency.

Many Institutions Are Not Ready

Many institutions feel threatened if blockchain technology is truly implemented. For example, is a banking institution, because as is well known, transactions with blockchain technology do not require a third party, so transaction costs can be cheaper and transactions can be faster.

High complexity

This high complexity is a challenge if blockchain technology is applied in the logistics sector. Related parties must establish high trust, starting from suppliers, processors, distributors, to end consumers. The number of parties who have to walk on the same platform is a big challenge.

However, having a big challenge does not mean that this technology is difficult to implement. Many large world-class companies have succeeded in proving that blockchain technology has helped their business. For example, Walmart and Carrefour are starting to work with IBM Blockchain to maintain their supply chain data.

According to steemian friends, are countries ready to reject blockchain like Indonesia implement this technology in various industrial sectors? What is clear, wrong public perceptions about blockchain technology must be addressed first.

Regards, Success .... Steemit Community

By:@alexanderishak