Blockchain has eight challenges to overcome in order to become a core , mainstream financial services technology , according to Credit Suisse . Blockchain , because it 's a network , only makes sense with a certain critical mass . This cuts out the need for middle men in transactions, because the fact that everyone signs off means trust is built into the system. This point has ramifications for the security of the platform too ; Bitcoin 's blockchain is as secure as it is due to the number of actors on the network who sign off on every transaction and , in doing so , maintain a rigorous inspection of the transaction 's safety . This security feature may not be in place on blockchains with lower numbers of participants . Despite these challenges , the blockchain is a potentially disruptive technology that ought to be embraced .
Blockchain has eight challenges to overcome in order to become a core , mainstream financial services technology , according to Credit Suisse . Blockchain , because it 's a network , only makes sense with a certain critical mass . This point has ramifications for the security of the platform too ; Bitcoin 's blockchain is as secure as it is due to the number of actors on the network who sign off on every transaction and , in doing so , maintain a rigorous inspection of the transaction 's safety . This security feature may not be in place on blockchains with lower numbers of participants . Despite these challenges , the blockchain is a potentially disruptive technology that ought to be embraced .