Blockchain technology enthusiasts are not difficult to find these days, as everyone is seemingly working on some project that has to do with distributed ledgers. While all of this positive attention is a notch in the belt of the blockchain concept, there will be some major challenges associated with using this technology. Changing the world as we know it will not happen overnight, and a mind shift will need to take place before consumers and business fully embrace this solution.
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Perhaps the biggest issue to overcome is how well legacy systems and blockchain technology can play together. Both types of infrastructure are complete opposites of the other, and creating hybrid solutions will take some time and effort. Despite the obvious flaws present in legacy systems, people are not too keen on trusting the whole decentralized solution either.
It all starts with gaining a proper understanding of what the blockchain is capable of under the hood. That may prove to be a task that will never be finished, as developers have only scratched the surface of what this technology can achieve in the coming years. A lot of focus lies on the financial side of things, yet some people are looking at blockchain technology as a solution for data storage and record keeping , to name a few examples.
Without a proper understanding of this distributed ledger system, it is all but impossible to integrate it into existing infrastructure. Practical examples of how the blockchain will change everything as we know it are great on paper, but implementing these solutions in the real world is a different matter altogether. It is safe to say this is not part of what they teach IT professionals […]
