b to be a hot topic across the global start-up ecosystem.
And more entrepreneurs are placing huge bets on this technology. Yet the adoption remains sluggish despite the growing investment by start-ups and potential investors. Main reasons for this are fears over security and regulatory uncertainty. Will mass implementation of blockchain technology remain a distant fantasy?
US-based rating agency Moody’s Investor Service warns about the risks associated with the technology. “New risks with blockchain technology in securitizations may emerge as well as the reinforcement of some already existing ones. Risks include counterparty concentration, IT and operational risks, inappropriate blockchain governance and legal and regulatory issues,” its report says. Another study by auditing firm PricewaterhouseCoopers (PwC) states that trust is one of the biggest blockers to the blockchain’s adoption. Concern about trust among respondents in the survey was highest in Singapore (37 per cent) after Hong Kong (35 per cent).
Riding the Wave
Diese Geschichte stammt aus der July 2019-Ausgabe von Entrepreneur magazine.
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