Companies in various industries are getting on board with blockchain. However, the decentralized ledger is still working to overcome various challenges, including users' understanding, name recognition and regulation.
Microsoft and Intel are two of the leaders in blockchain, with the companies investing big bucks for the technology to succeed. Although these companies are champions for blockchain, Microsoft and Intel still have challenges when exploring blockchain, according to Forbes.
Four biggest obstacles blockchain needs to overcome, according to Microsoft and Intel:
- Performance
- Confidentiality
- Governance
- Processing power
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