Top 7 Blockchain Challenges To Go Mainstream In 2020

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Top 7 Blockchain Challenges To Go Mainstream
In 2020

• It's a fact that Blockchain is one of the
  revolutionary technologies that has transformed
  business operations. It has disrupted most of the
  industries. Although there is a rise in the
  demand for Blockchain technology and Blockchain's
  career is one of the most lucrative choices that
  one can make in today's time. Despite so much
  buzz about Blockchain technology and its use
  cases, but we have to agree to the fact that this
  technology is still at a nascent stage. There are
  a lot many changes taking place in this field.

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• But, there is a flip side of the coin, Blockchain
  technology has its own set of drawbacks which has
  made it earn a lot of opposition. The technology
  has still not reached the masses, though it aims
  to solve the problem of people. But, when it
  comes to information, then it is limited. In this
  blog, we will be exploring the 7 seven challenges
  that Blockchain technology is facing are.

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Challenges

• As per Samson Williams, out of the seven
  challenges that Blockchain technology is facing,
  the online one is technology-based, rest are all
  human challenges. Let's explore them

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• 1.Budget Investment One of the first things
  that Blockchain stalwart should be looking at is
  the adoption of Blockchain by the people. It
  requires a lot of investment when it comes to
  research and development.
• Although Blockchain platforms promise to be one
  of the greatest solutions for all the flaws and
  errors of the conventional technology, a lot
  needs to be done to overcome the glitches.

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• It requires monetary support. Besides, the
  government must have some consensus on the
  interoperability of blockchains. In the absence
  of the same, Blockchain would be nothing but the
  silos of data and information.

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• 2. Simple User Experience Another challenge
  that Blockchain developers and Blockchain experts
  need to solve is to make it easier for the common
  people. When we compare Blockchain platforms like
  Corda, Hyperledger, and dApps developed on the
  Blockchain platform, then they appear to be more
  complex than applications like Google Maps,
  Whatsapp, etc.

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• 3. Education Educating people about Blockchain
  is equally important. Over a period of time,
  people have become acquainted with technologies
  like AI, ML, Wi-Fi, etc. but when we talk about
  Blockchain, then it still remains an alien
  concept.

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• 4. Incumbents Creating adaptability of
  Blockchain technology is something that we should
  be looking at. Without having incumbents who can
  adopt in this technology and invest in it,
  showing the acceptance of Blockchain technology.
  In the absence of the same, Blockchain will
  continue to face the uphill battle of the mass
  adoption of Blockchain technology.

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• 5. Fear of replacement- There is a greater fear
  penetrating across the different sectors about
  Blockchain replacing the current work, thus
  creating unemployment. Well, it needs to be
  propagated that Blockchain is going to be working
  in association with the current system and not a
  complete replacement.

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• 6. Decentralization We do understand the
  working of Blockchain technology. The
  hyper-incentivization works in a way where the
  winner takes it all. It is the early mover
  advantage that people get leaving very little or
  no scope for earning for the ones who follow.
  This creates a gap when it comes to the adoption
  of Blockchain technology on the mass scale.

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• 7. Lack of regulation- One of the drawbacks of
  Blockchain technology is that there is no
  regulation. This is one of the challenges that is
  coming in the way of the adoption of Blockchain
  technology. Although we have permissioned the
  Blockchain platform that is solving this issue, a
  lot needs to be done for its improvement.

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• Choosing a Blockchain career
• Although there are a lot many challenges in the
  field of blockchain technology, with the help of
  Blockchain experts and developers, these can be
  overcome. To achieve this, there is a need for
  proficient Blockchain experts, and here comes the
  role of choosing the right Blockchain
  certification program that can train you in the
  same.

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• Blockchain Council is a renowned name and a
  great online platform where you can learn about
  this technology and use cases.
• DLT technology is paving the way for a lot of
  development, and with a certification in this
  field, you can explore new career avenues that
  will be more fulfilling than others.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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