Five Major areas to Blockchain’s Mainstream Adoption - Deloitte

[avikz]

One of the big four consulting firms, Deloitte has published a study on 28 September related to the blockchain technology and it's challenges towards mainstream adoption. The study title is "Blockchain and the five vectors of progress" and it is fairly a good read for the blockchain enthusiasts. The areas they have identified is as below,

1. Increasing throughput and performance:
2. Enhancing standards and interoperability
3. Reducing complexity and cost
4. Regulatory support
5. Multiplying consortia

Each points are described in a fairly easiest way in the study itself. That's why I haven't reiterated the same in this thread apart from quoting the main points. I encourage everyone to take out some time and read the entire study as it talks about some very good points that can overcome the barriers that are challenging mass adoption of blockchain.

Study link: https://www2.deloitte.com/insights/us/en/focus/signals-for-strategists/value-of-blockchain-applications-interoperability.html

Would like to know your thoughts and arguments!

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[ND_INVEST]

Thanks for sharing this article, it is truly interesting.
The current speed of blockchain is probably inappropriate for big companies with constant flow of clients and when instant transactions are required, but if we are talking about small international online stores or sales platforms, blockchain is superior to bank transfers anyway. New consensus mechanism, however, will allow big players to adop blockchain, so it's a good thing.
Standards and other features will help blockchain to be treated more seriously. Let's hope the positive changes will come soon!