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When specifying blockchain technologies, it is important to understand its benefits and its challenges.
What would be two challenges of blockchain technology adoption to an enterprise? (Select two.)
Suggested Answer: A, D
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What are the drawbacks of Blockchain? Very new technology Constantly changing, evolving Not very many trained resources High cost for trained resources Best practices, recommended patterns still being formed Scalability, transaction speed / cost.
29 comments · newest first
SU
Sue
10 months ago
Very new tech? That sounds like a cop-out excuse.
MA
Maybelle
10 months ago
Totally agree, D is a big challenge too.
CA
Casie
10 months ago
Scalability and transaction speed are huge issues!
AH
Ahmad
11 months ago
Wait, are we really still worried about scalability?
RO
Royal
11 months ago
Tokenization isn't really a challenge, it's an opportunity!
GL
Glory
11 months ago
I think scalability and transaction speed are definitely the right choices. We practiced a similar question last week, and those were highlighted as key issues.
DI
Dick
11 months ago
I feel like we covered something about distributed systems being a challenge, but I can't recall the details. It seems like it could complicate things for enterprises.
OL
Oliva
12 months ago
I’m not entirely sure, but I think the "Very New Technology" option might be a challenge too. It could lead to resistance in adoption.
RU
Rusty
12 months ago
I remember discussing scalability and transaction speed as major hurdles in our last study group. They really impact how quickly a business can operate.
WI
Winfred
12 months ago
The key is to focus on the practical, real-world challenges that enterprises would face. Scalability and transaction costs are the obvious choices here. The other options seem more like general blockchain characteristics than specific challenges.
NY
Nydia
1 year ago
I'm a bit confused by this question. Are all of these potential challenges, or just two of them? I'll have to read it over again to make sure I understand what they're asking for.
MA
Maia
1 year ago
Okay, I've got this. Scalability and transaction speed/cost are definitely the two biggest challenges for enterprises adopting blockchain. The other options don't seem as relevant.
LI
Lindsey
1 year ago
Hmm, I'm not too sure about the other options. Tokenization and distributed technology - are those really challenges for enterprises? I'll have to think this through carefully.
SO
Solange
1 year ago
This question seems straightforward. I'll focus on the key challenges like scalability and transaction speed/cost.
CH
Cherry
1 year ago
I see your point, Hoa. Tokenization can also be a challenge for enterprises.
BU
Bulah
1 year ago
A and D, for sure. Trying to adopt blockchain is like herding cats through a hurricane.
AL
Alecia
1 year ago
A and D, for sure. Trying to adopt blockchain is like herding cats through a hurricane.
SU
Susana
1 year ago
D) Very New Technology
LA
Lauran
1 year ago
A) Scalability, transaction speed / cost
RO
Rolland
1 year ago
Blockchain is like trying to solve a Rubik's cube while juggling chainsaws. Definitely not for the faint of heart!
CO
Cortney
1 year ago
Scalability and transaction speed/cost? That's like trying to race a turtle against a rocket ship.
TA
Tasia
1 year ago
True, the decentralized nature of blockchain can also be a challenge for businesses to navigate.
BR
Brent
1 year ago
C) Distributed
FR
Fredric
1 year ago
Yeah, blockchain is still in its early stages. It's definitely a challenge for enterprises to adopt.
BR
Brynn
1 year ago
D) Very New Technology
LI
Lisandra
1 year ago
A) Scalability, transaction speed / cost
HO
Hoa
1 year ago
But what about tokenization of platforms? Isn't that a challenge too?
RE
Reita
1 year ago
I agree with Cherry, those are definitely important factors to consider.
CH
Cherry
1 year ago
I think scalability and transaction speed/cost are major challenges.