The interest in blockchain is enormous today. It is touted as the future of technology with many hailing this open ledger as a transformative invention of the 21st century. According to the latest statistics, the total funding in the blockchain applications has reached $1.032 billion in 2017 from the level of $93 million in 2013. More and more companies are coming forward to adopt the blockchain technology, and this interest is only complimented by the increasing use of cryptocurrencies across the globe. Despite all these positive developments, there are many deterrents which are impeding on wide adoption prospects of the blockchain. Lack of regulatory framework is obvious one of these but even more important is the issue of scalability and rather limited application domain that blockchain offers today.

Read the full story on IBINEX News

You may also like

Leave a comment