The harsh reality of blockchain

October 17, 2019 - Research T144

In a world consumed by technological developments battling to be the next big thing, blockchain has caught on as a potential breakthrough in how organizations track transactional data. While cryptocurrencies such as Bitcoin are the most recognizable forms of blockchain, proponents claim that the technology has the potential to revolutionize a myriad of industries from financial services to supply chain management. However, Nucleus has observed a slower than anticipated adoption rate for blockchain technology, due to high barriers to entry and a lack of scalability for increasing power and data requirements.