BLOCKCHAIN SECRETS
blockchain markets, how to trace and aggregate funds, and where will spending and income information come from and how it will be gathered. As long as these problems remain question marks on the policy boards of decision makers, widespread adoption of blockchain technology will be difficult.
However, there is some promise for the future of blockchain technology. South Korea and Japan have made significant advances recently that will allow for legal bitcoin transactions, and various applications have opened investment channels in the blockchain space to traditional investors. These advancements have led to an influx of funds to different blockchain companies, which, in turn, have been able to invest in growth, research, and the promotion of their particular blockchain services.
Risks of Blockchain Technology As a new technology, resolving challenges like transaction speed, the verification process, and data limits are standing in the way of making blockchain widely adopted technology. The regulatory status of blockchain projects is also a risk of blockchain technology and is currently uncertain.
If financial institutions and governments don’t buy into the idea of blockchain technology, or if it is pushed away because of a lack of clear guidelines on how the industry should be regulated, 51
