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Challenges in adopting blockchain

Challenges in adopting blockchain

One of the biggest challenges to the adoption of blockchain technology is education.

It is a highly technical topic that one cannot fully learn and understand in one briefing, meeting or discussion. It truly takes a concerted study.

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Internet and security

  • The internet is a powerful tool for communication, but it lacks the security necessary to conduct big transactions. However, there’s a new technology that might change this perception of the internet in the future.
  • Blockchain technology is a way of managing transactions

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DON TAPSCOTT

“Privacy is the foundation of free societies.”

DON TAPSCOTT

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BOB GREIFELD, FORMER CEO OF NASDAQ

“ I’m a big believer in the ability of blockchain technology to effect fundamental change in the infrastructure of the financial service industry.” Bob Greifeld, CEO of NASDAQ

BOB GREIFELD, FORMER CEO OF NASDAQ

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 DON TAPSCOTT

“Creating a complete picture of a company financial health, by looking at periodic financial statements, is like turning a hamburger into a cow”

DON TAPSCOTT

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 DON TAPSCOTT

“Sort of the ultimate Tamagotchi, the blockchain is a globally distributed nest egg.”

DON TAPSCOTT

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 DON TAPSCOTT

“Let the code speak for itself.”

DON TAPSCOTT

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Trusting banks

You might be skeptical of a seller who refuses to use banks or notaries, and for good reason. Banks have long served as the middleman between buyers and sellers by authenticating transactions and ensuring that property titles are correct. However, there’s no guarantee that the bank itself...

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 DON TAPSCOTT

“Governments that wish to repress the voices of citizens everywhere and have captured technologies like the Internet to silence dissidents and block outside media will find blockchain technology significantly more challenging.”

DON TAPSCOTT

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 DON TAPSCOTT

“We believe that blockchain technology could be an important tool for protecting and preserving humanity and the rights of every human being, a means of communicating the truth, distributing prosperity, and—as the network rejects the fraudulent transactions—of rejectin...

DON TAPSCOTT

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 DON TAPSCOTT

“Every cultural industry is up for disruption, and the promise is that creators get fully compensated for the value they create.”

DON TAPSCOTT

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The internet is the backbone of our modern world

However, it took a while for people to realize how useful it was. Similarly, Bitcoin is the currency that will power blockchain technology in this century.

But before you can understand its usefulness, you need to know how to use it and earn your first bitcoins.

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