11Risks of Implementing Blockchain Technology
Before we look at the relationship between Blockchain technology and other emerging technologies, it is worth looking at the risks and ‘perceived’ risks in adopting this new technology. As with all transformations, implementing Blockchain technology will not be easy and there will be many issues along the way, but I am 100% confident that the benefits more than outweigh the risks. As with any transformation project, do you own research first.
Change – Inertia of People
People do not like change; ‘I like it this way’ is a common trait amongst the population. Change is often related to fear and unhappiness, meaning most people are fearful of what they do not understand.
Once you do understand the power of Blockchain technology you then realize that this isn't a quick and easy fix – nothing worthwhile is ever quick and easy.
Thoughts such as ‘It's hard’ and ‘It's scary’ appear, and these are strong feelings and reasons to not continue down the road of Blockchain adoption.
As with any change there are always a number of people who want to lead the change, and want to be at the forefront of new technologies (I would argue that you are an early adopter, because you are reading the first comprehensive book on commercializing Blockchain). These people are important to the community and to your organization and you must help them to champion the development of Blockchain technology.
In the general media there is too much fake news on ...