Quote from: jseverson on August 22, 2018, 06:03:55 AM

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.

Scalability is the most critical point for adoption by corporations because they have to think about tomorrow. A lot of people who are just private investors in bitcoin are calling for massive adoption by the whole world and yet they don't consider the issue of scalability. Sure, you can use it to send your uncle money for the fuel he just put in your car, but can corporations adopt a blockchain ledger or code an algorithm to make it work for a long enough time frame to make it profitable for their needs?

Maybe not at the moment, but they'll figure out ways to do it soon.