CHAPTER 20

Production and Beyond

“Blockchain technology could change our world more than people

imagine.” – Jack Ma

In comparison to the other emerging technologies, Blockchain has

had a much quicker journey to production. However, the number of

such solutions are far too less and even many fortune 500

organizations are either facing hurdles or are not sure how to find

commercial benefits from this technology. In this chapter, we will try

to explore the hurdles in implementing the Blockchain projects and

how we can overcome them.

20.1 Challenges in Blockchain projects

Some of the lingering issues in starting a Blockchain project are as

follows:

Awareness: Irrespective of the fact that the industry has spent

millions on the Blockchain technology, only a handful have reached

production. Many people in the industry don’t understand or have

even heard of the Blockchain technology, and hence, don’t

understand the difference between public Blockchain or private

DLTs. Some people are still living in a world where they believe

Blockchain and Bitcoin are synonyms.

Technical expertise: Many technical teams get bogged down and

the development faces serious issues if there is lack of expertise in

the team. Skill shortage is a perennial issue in any emerging

technology.

Monetization: There is serious lack of clarity on the return of

investment in the Blockchain projects. Most CXO level people, who

are the decision makers, always hesitate to invest in Blockchain as

they are not very sure as to what extent the existing processes can