Challenges in Adoption of Blockchain in Developing Countries

Abstract

In today’s world of globalization where industries are becoming paperless, where robots are replacing human’s hard-core labor intensive work, where the whole world is connected with just one click, where predictive modeling and artificial intelligence AI is helping in tracking any big disaster and where biotech is helping in curing any disease in no time, Block-chain, one of the major innovations of today’s time, is all set to help humans in reaching to new heights of advancements in almost every field. But like other technologies, Blockchain is also facing some challenges, which must be addressed before widespread integration can take place. The mitigation these issues and all the obstacles in the adoption of Blockchain will have positive effects on the overall economy. This research, a questionnaire-based approach was adopted, aims to conclude and summarize the challenges faced by top-management of tech companies in the adoption of block-chain technology in developing countries.