Challenges

Blockchain surely has a lot of potential, but there are also challenges that has to be addressed before Businesses can decide on adopting it within the Enterprise. One has to understand that Blockchain is still at its early maturity stage; a lot still needs to be done before large scale production grade applications are deployed.

To give you some perspective, it typically takes 10mins for Bitcoin and close to 10 seconds for Ethereum to validate a transaction to the Blockchain, whereas a typical enterprise payment platform has to validate 1000s of transactions per second.

There is a tradeoff between high latency (block speed) and high security of of the Blockchain network.