Key Barriers to Blockchain Scalability and Adoption PPT

This PPT slide, part of the 24-slide Blockchain Series: Strategic Insights from Blockchain PowerPoint presentation, outlines critical insights regarding the scalability of blockchain technology, emphasizing that its true value will only be realized in 3 to 5 years when commercially viable solutions can be deployed. Four key reasons are presented that currently hinder this scalability.

Firstly, the lack of common standards is highlighted as a significant barrier. Without established regulations and standards, blockchain applications struggle to achieve widespread adoption. This inconsistency complicates integration and interoperability among different systems.

Secondly, the slide notes that blockchain technology itself requires further development. The current state of the technology is described as relatively immature, leading to increased switching costs. This immaturity poses challenges for organizations looking to adopt blockchain solutions, as they may face difficulties in transitioning from existing systems.

The third point addresses the necessity for assets to be digitizable. The potential for an asset to be recorded and transacted digitally is crucial for its management on a blockchain system. If assets cannot be easily digitized, the viability of blockchain applications remains limited.

Lastly, the slide mentions the "Coopetition Paradox," which refers to the need for collaboration among competitors to create a critical mass for blockchain use cases. This paradox must be resolved for blockchain to gain traction in the market.

The concluding statement reinforces that the feasibility of blockchain depends on various factors, including asset type, technology maturity, and the regulatory environment. Understanding these dynamics is essential for organizations considering blockchain investments.

This slide is part of the Blockchain Series: Strategic Insights from Blockchain PowerPoint presentation.

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