Blockchain has eight barriers 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. But in a note on the technology sent to clients this week, Credit Suisse analysts Charles Brennan and William Lunn says they are "less sanguine" about the technology, and identify 8 key barriers to blockchain's successful transition from interesting, leftfield technology to mainstream, financial services core technology. The first barrier is the scalability of blockchain. 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 barriers 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. The first barrier is the scalability of blockchain. 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.