Skip to main content
padlock icon - secure page this page is secure

The challenges faced by blockchain technologies – Part 1

The full text article is not available for purchase.

The publisher only permits individual articles to be downloaded by subscribers.

In 2016, interest in blockchain technologies has been increasing. Understanding of the technologies and investments in the field have been picking up and some use cases, besides digital currencies, are being explored. While several publications evaluate the disruptive power of blockchain-based systems, the literature on the challenges and hindrances to the successful development of blockchainbased systems is still limited. The aim of this paper, the first in a two-part series, is therefore to investigate the most important challenges limiting the widespread adoption of blockchain technologies and to provide a comprehensive overview of the latest developments in this space. The paper is divided in two parts. The first offers an overview of the main events that have occurred in the blockchain space so far by providing an analysis of alternative blockchain technologies applications: digital currencies, asset registries, application stacks and asset-centric technologies. The second section analyses the current challenges faced by blockchain technologies, dividing them into technical, business and legal challenges. To get more insights into the challenges, the authors have designed two surveys which received 295 responses from scholars and professionals with expertise on blockchains. Initial observations point to the fact that legal challenges are perceived as the most important ones, while business challenges are the ones that have to be solved first according to the respondents to the survey. The paper concludes with the analysis of the data gathered from the surveys and a final discussion and suggestions for further research.
No References
No Citations
No Supplementary Data
No Article Media
No Metrics

Keywords: FinTech; blockchain; distributed ledger technologies; finance

Document Type: Research Article

Publication date: 01 September 2017

More about this publication?
  • Journal of Digital Banking is the major new professional journal publishing in-depth, peer-reviewed articles and case studies on how to develop a profitable, customer-focused digital banking strategy – specifically by using technology and automation to deliver efficient, secure and seamless customer experiences with lower operating costs.

    Each quarterly 100-page issue – published in print and online – will feature detailed, practical articles showcasing the latest strategic thinking on how to exploit new and existing digital banking markets, technologies and business models along with actionable advice and ‘lessons learned’ from fellow digital banking professionals on the key business, risk and operational requirements for putting that strategy into practice. It will not publish advertising but rather in-depth analysis of new thinking and practice at a wide range of financial institutions, financial technology innovators, central banks and financial regulators worldwide for readers to benchmark their organisation against, with every article being peer-reviewed by an expert Editorial Board to ensure that it focuses on the digital banking professional’s perspective, the challenges they face and how they can tackle them.

  • Editorial Board
  • Information for Authors
  • Submit a Paper
  • Subscribe to this Title
  • Terms & Conditions
  • Ingenta Connect is not responsible for the content or availability of external websites
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
UA-1313315-29
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more