Regulatory Uncertainty Proves Biggest Barrier for Blockchain – PwC Survey

The number one hindrance limiting the wider adoption of blockchain technology on a global scale in the next 3-5 years is insufficient regulation, auditing giant PricewaterhouseCoopers (PwC) found in a research published on Monday.

Nearly half of the 600 respondents (48%) ranked regulatory uncertainty among the three strongest barriers for blockchain adoption, while 27% specified it as the number one factor in the “Blockchain is here. What’s your next move?” survey.

The number two impediment was the lack of trust among users (45%), with 25% noting it as the most crucial barrier. The difficulty in bringing business networks together emerged as the third biggest challenge for blockchain companies (44%), with 21% of the surveyed seeing it as the biggest problem.

This article appeared first on Cryptovest

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