{"id":617447,"date":"2023-03-13T10:00:44","date_gmt":"2023-03-13T15:00:44","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/13\/what-are-the-common-challenges-in-blockchain-adoption-joel-flynn-of-forkast-news-explains\/"},"modified":"2023-03-13T10:00:44","modified_gmt":"2023-03-13T15:00:44","slug":"what-are-the-common-challenges-in-blockchain-adoption-joel-flynn-of-forkast-news-explains","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/13\/what-are-the-common-challenges-in-blockchain-adoption-joel-flynn-of-forkast-news-explains\/","title":{"rendered":"What are the common challenges in blockchain adoption? Joel Flynn of Forkast News explains"},"content":{"rendered":"<p><span><span><a href=\"https:\/\/coingeek.com\/\" data-wpel-link=\"internal\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/coingeek.com\/news\/category\/interviews\/\" data-wpel-link=\"internal\">Interviews<\/a><\/span> \u00bb <span aria-current=\"page\">What are the common challenges in blockchain adoption? Joel Flynn of Forkast News explains<\/span><\/span><\/p>\n<div>\n<main id=\"main\"><\/p>\n<article id=\"post-521205\">\n<div>\n<p><iframe src=\"\/\/www.youtube.com\/embed\/GNGtHT5u9jw?controls=0&#038;start=167\" frameborder=\"0\" allowfullscreen> width=&#8221;562&#8243; height=&#8221;315&#8243; frameborder=&#8221;0&#8243; allowfullscreen=&#8221;allowfullscreen&#8221;><\/iframe><\/p>\n<p>An increasing number of enterprises and services have been utilizing blockchain technology since it was developed over a decade ago. However, global nations struggle to achieve mass adoption despite its wide popularity.<\/p>\n<p>Forkast News Chief Correspondent Joel Flynn said this is understandable considering the state of the digital asset industry following the\u00a0<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/ftx-implosion-is-the-real-red-wave\/\" data-wpel-link=\"internal\">FTX implosion<\/a>\u00a0and the impacts of the \u201c<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/will-the-crypto-winter-turn-to-spring\/\" data-wpel-link=\"internal\">crypto winter<\/a>,\u201d which resulted in heightened concerns among the public.<\/p>\n<p>\u201cWith blockchain technology, the technology is great, but once you introduce people, suddenly you have a whole new variable, and that\u2019s where I think a lot of the tension is coming with some of the bigger problems we have in the sector,\u201d Flynn said, noting that while the\u00a0<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/news\/tag\/crypto-crime-cartel\/\" data-wpel-link=\"internal\">collapse of the \u2018crypto\u2019 house of cards<\/a>\u00a0has worried users, it is a different story for blockchain developers and experts.<\/p>\n<p>He said industry players remain optimistic about the future of blockchain and have\u00a0<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/blockchain-social-manila-connecting-industries-through-blockchain-tech\/\" data-wpel-link=\"internal\">continued to work on solutions<\/a>\u00a0to innovate global industries. And while the excitement has slightly waned among public members, particularly those heavily affected by the events of 2022, it remains evident that global leaders have their faith in the technology, launching project after project to ramp up adoption.<\/p>\n<p>Countries in\u00a0<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/philippine-fintech-festival-southeast-asia-paving-the-path-toward-innovation\/\" data-wpel-link=\"internal\">Southeast Asia<\/a>\u00a0are a prime example of this, Flynn said, citing a recent Chainalysis report, with\u00a0<a href=\"https:\/\/www.coindesk.com\/layer2\/2022\/10\/25\/chainalysis-report-vietnam-cryptocurrency-adoption\/\" target=\"_blank\" rel=\"noopener nofollow noreferrer\" data-wpel-link=\"external\">Vietnam topping the list\u00a0<\/a>of nations driving blockchain and Bitcoin adoption, followed by the\u00a0<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/news\/tag\/philippines\/\" data-wpel-link=\"internal\">Philippines<\/a>.<\/p>\n<p>\u201cIt\u2019s in these places where you\u2019re seeing blockchain solutions coming into the backend of stuff and where you\u2019re seeing people turn to this as alternatives,\u201d he said.<\/p>\n<p>However, Flynn said governments should not expect these schemes to become the sole basis that will drive blockchain adoption, stressing\u00a0<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/the-challenges-of-bringing-the-world-on-chain-at-the-blockchain-in-business-event\/\" data-wpel-link=\"internal\">the need to also tackle issues plaguing the industry<\/a>\u00a0and craft measures to resolve them.<\/p>\n<p>In the Philippines, one of the early adopters of\u00a0<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/bitcoin101\/play-to-earn-bitcoin-7-games-you-must-try\/\" data-wpel-link=\"internal\">Play-to-Earn (P2E) games<\/a>, Flynn noted that talent in the blockchain industry remains scarce.<\/p>\n<p>\u201cTalent remains a key concern for a lot of companies coming into that; there still needs to be some things done to bring the workforce up to speed in a way that\u2019s really going to help further adoption,\u201d Flynn said, citing the need to\u00a0<a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/coingeek.com\/indx-summit-in-search-for-financial-inclusion-philippines-wields-the-power-of-fintech\/\" data-wpel-link=\"internal\">upskill Filipinos<\/a>.<\/p>\n<p>Watch: Blockchain will fuel the next generation<\/p>\n<p><iframe src=\"\/\/www.youtube.com\/embed\/83zmMMWwuhY?controls=0\" frameborder=\"0\" allowfullscreen> width=&#8221;562&#8243; height=&#8221;315&#8243; frameborder=&#8221;0&#8243; allowfullscreen=&#8221;allowfullscreen&#8221;><\/iframe><\/p>\n<p><b><i>New to Bitcoin? Check out CoinGeek\u2019s\u00a0<\/i><\/b><a href=\"https:\/\/coingeek.com\/bitcoin101\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><b><i>Bitcoin for Beginners<\/i><\/b><\/a><b><i>\u00a0section, the ultimate resource guide to learn more about Bitcoin\u2014as originally envisioned by Satoshi Nakamoto\u2014and blockchain.<\/i><\/b><\/p>\n<\/div>\n<p><\/main>\n<\/div>\n<p><a href=\"https:\/\/coingeek.com\/what-are-the-common-challenges-in-blockchain-adoption-joel-flynn-of-forkast-news-explains-video\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Ana Peligro<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home \u00bb Interviews \u00bb What are the common challenges in blockchain adoption? Joel Flynn of Forkast News explains width=&#8221;562&#8243; height=&#8221;315&#8243; frameborder=&#8221;0&#8243; allowfullscreen=&#8221;allowfullscreen&#8221;&gt; An increasing number of enterprises and services have been utilizing blockchain technology since it was developed over a decade ago. However, global nations struggle to achieve mass adoption despite its wide popularity. Forkast<\/p>\n","protected":false},"author":1,"featured_media":617448,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1983,22742],"tags":[],"class_list":{"0":"post-617447","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-challenges","8":"category-common"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/617447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=617447"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/617447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/617448"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=617447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=617447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=617447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}