Top 7 Blockchain Challenges to Go Mainstream In 2020
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Top 7 Blockchain Challenges To Go Mainstream
In 2020
It's a fact that Blockchain is one of the revolutionary technologies that has 
transformed business operations. It has disrupted most of the industries. Although 
there is a rise in the demand for Blockchain technology and Blockchain's career is 
one of the most lucrative choices that one can make in today's time. Despite so 
much buzz about Blockchain technology and its use cases, but we have to agree 
to the fact that this technology is still at a nascent stage. There are a lot many 
changes taking place in this field. 
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But, there is a flip side of the coin, Blockchain technology has its own set of 
drawbacks which has made it earn a lot of opposition. The technology has still not 
reached the masses, though it aims to solve the problem of people. But, when it 
comes to information, then it is limited. In this blog, we will be exploring the 7 
seven challenges that Blockchain technology is facing are.
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Challenges :
As per Samson Williams, out of the seven challenges that Blockchain technology 
is facing, the online one is technology-based, rest are all human challenges. Let's 
explore them:
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1.Budget & Investment – One of the first things that Blockchain stalwart should 
be looking at is the adoption of Blockchain by the people. It requires a lot of 
investment when it comes to research and development. 
Although Blockchain platforms promise to be one of the greatest solutions for all 
the flaws and errors of the conventional technology, a lot needs to be done to 
overcome the glitches.
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 It requires monetary support. Besides, the government must have some 
consensus on the interoperability of blockchains. In the absence of the same, 
Blockchain would be nothing but the silos of data and information. 
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2. Simple User Experience – Another challenge that Blockchain developers 
and Blockchain experts need to solve is to make it easier for the common people. 
When we compare Blockchain platforms like Corda, Hyperledger, and dApps 
developed on the Blockchain platform, then they appear to be more complex than 
applications like Google Maps, Whatsapp, etc.   
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3. Education – Educating people about Blockchain is equally important. Over a 
period of time, people have become acquainted with technologies like AI, ML, Wi-
Fi, etc. but when we talk about Blockchain, then it still remains an alien concept. 
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4. Incumbents – Creating adaptability of Blockchain technology is something 
that we should be looking at. Without having incumbents who can adopt in this 
technology and invest in it, showing the acceptance of Blockchain technology. In 
the absence of the same, Blockchain will continue to face the uphill battle of the 
mass adoption of Blockchain technology. 
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5. Fear of replacement- There is a greater fear penetrating across the different 
sectors about Blockchain replacing the current work, thus creating unemployment. 
Well, it needs to be propagated that Blockchain is going to be working in 
association with the current system and not a complete replacement. 
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6. Decentralization –  We do understand the working of Blockchain technology. 
The hyper-incentivization works in a way where the winner takes it all.  It is the 
early mover advantage that people get leaving very little or no scope for earning 
for the ones who follow.  This creates a gap when it comes to the adoption of 
Blockchain technology on the mass scale. 
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7. Lack of regulation- One of the drawbacks of Blockchain technology is that 
there is no regulation. This is one of the challenges that is coming in the way of 
the adoption of Blockchain technology. Although we have permissioned the 
Blockchain platform that is solving this issue, a lot needs to be done for its 
improvement.
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Choosing a Blockchain career :
 Although there are a lot many challenges in the field of blockchain technology, 
with the help of Blockchain experts and developers, these can be overcome. To 
achieve this, there is a need for proficient Blockchain experts, and here comes the 
role of choosing the right Blockchain certification program that can train you in the 
same.
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 Blockchain Council is a renowned name and a great online platform where you 
can learn about this technology and use cases. 
DLT technology is paving the way for a lot of development, and with a certification 
in this field, you can explore new career avenues that will be more fulfilling than 
others. 
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain 
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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THANK YOU!
Any questions?
You can mail us at
[email protected]
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