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

The challenges faced by blockchain technologies — Part 2


The full text article is not available for purchase.

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

In 2017, blockchain technologies registered an increasing interest in their research and investment. However, with the development of these applications, a number of challenges have also come into existence. This paper, which is the last part of a two-part study, investigates the challenges currently limiting the potential of blockchain technologies. It builds upon a previous publication entitled ‘The challenges faced by blockchain technologies ’ Part 1’ and provides a further comprehensive analysis of particular challenges and hindrances. This paper is divided into five sections. The first identifies and gives an overview of the multi-dimensional challenges, namely, the ‘underdeveloped ecosystem’, the ‘lack of educated individuals’ and the ‘lack of standards’. The next three sections analyse almost 30 different challenges by grouping them into ‘legal’, ‘business’ or ‘technical’ classes. Finally, the paper ranks the challenges and provides greater insight into their relative importance by looking at the result of a survey conducted on 295 respondents, from scholars to professionals with expertise in blockchains.
No References
No Citations
No Supplementary Data
No Article Media
No Metrics

Keywords: Blockchain adoption; distributed ledger technologies; innovation adoption; technology adoption

Document Type: Research Article

Publication date: February 1, 2018

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
Cookie Policy
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