Post
Topic
Board Economics
Re: What inhibits the development of Blockchain in the mass market
by
jseverson
on 22/08/2018, 06:03:55 UTC
Well, blockchain technology does have a massive flaw, one that even plagues Bitcoin and other cryptocurrencies -- it currently can't scale:

https://hackernoon.com/blockchains-dont-scale-not-today-at-least-but-there-s-hope-2cb43946551a

The mass market is still very interested in using it, however, and there are plenty of big corporations filing patents for scalability solutions. Some examples include:

https://www.ccn.com/accenture-hardware-patent-seeks-to-enhance-blockchain-security-and-scalability/
https://blocktribune.com/blockchain-scalability-solution-patent-filed-bank-china/
http://fortune.com/2018/06/20/bank-of-america-blockchain-patent-why/

While we're on the subject, blockchain technology is very much still in its infancy, rarely seeing use outside of cryptocurrencies. It's bound to mature with time as people find more and more applications for its potential.