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Problems with Blockchain Technology

https://hackernoon.com/problems-with-blockchain-technology-d614ea123279?gi=a1a01d4f6bf0
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Apr 15, 2019 5:11 AM 1+ week ago

Problems with Blockchain Technology

Blockchain technology has become one of the biggest buzzwords not only in the field of finance but also in technology. Blockchain proponents believe that the technology will revolutionize financial services as it functions without a central authority. The technology also stores data in a tamper-proof way which is an additional advantage of the technology. It is believed that the emerging blockchain technology will be beneficial for a number of industries beyond finance and technology, particularly for the industries which have to keep a huge trail of paper records such as healthcare, law, and real estate.

Though there are numerous benefits of the blockchain technology slow transaction speed and lack of standardization have slowed down the growth of blockchain. Some people even believe that the technology is over-hyped and there are certain issues with blockchain which the technology needs to overcome ...

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