2017 was the year when blockchain technology burst into the public consciousness. Even beyond the truly startling rise of cryptocurrencies, we became aware of how a range of markets could be transformed by applications built on the technology.
But as with any emerging technology that suddenly gains fame and begins to be applied across real-world use cases, issues have emerged around the underlying characteristics of blockchain – many of which should be a primary focus of the coming year. Chief among these concerns is scalability. That being said, the existence of these issues serves as a marker of just how far blockchain has come.
Author: Pavel Bains