It’s been 13 years since we were introduced to bitcoin and blockchain. Lauded as a disruptive technology for its transparency and immutability, Blockchain continues to be a buzzword that attracts interest in the purported benefits of efficiency, ability to reduce cost and its support for a trustless ecosystem.

But like many emerging technologies, there remain hurdles that are leading to slow-moving adoption among enterprises including lack of scalability, limited interoperability, a dearth of blockchain developers, insufficient standardization, extensive energy requirements, and the absence of regulatory clarity.

In this PodChats for FutureCIO, we are joined by Allen Li, head of engineering, ADDX), to cover these and perhaps come to some resolution on these challenges.

1.       Blockchain was introduced in October 2008. 14 years on, what has changed in terms of (a) technology; (b) adoption; (c) regulation?

a.       Is the adoption of blockchain limited to crypto, currency and things to do with financial matters?

2.       Are the claims that blockchain is secure overhyped?

3.       Can a blockchain fail?

4.       What remains a key challenge limiting the adoption of blockchain in commercial businesses (e.g., no crypto, not exchanges, not NFTs)?

a.       Look from a business

b.       Look from a technology

5.       Does a block have a scalability problem?

6.       What is one key takeaway for those evaluating blockchains for enterprise applications?