Bitcoin Global News (BGN)
November 19, 2018 -- ADVFN Crypto NewsWire -- By now, most of you
who are reading this have already read about the supposed, recent
SEC crackdown on ICOs and a Crypto Exchange named EtherDelta. In
connection with this recent bout of seemingly quite negative news
for the space, businesses have been balking at least in part,
related to whether their adoption of the Blockchain will also take
a hit.
According to Coindesk, in a piece
published today, this reticence is actually showing up in a
narrower fashion. As it turns out, businesses which are adopting
the Blockchain to streamline their non-digital processes, are the
ones voicing the most concerns.
In connection with this, given that
these findings were discovered by Deloitte Consulting’s blockchain
group, they may actually be taken more seriously than the typical
media proclamations on the subject. To fully understand whether
these conclusions are significant, however, connects with first
delineating what some of the companies’ specific concerns
are.
Judging by a quote from the leader
of Deloitte’s blockchain group, what this all amounts to is a
strong feeling of unease, related to whether or not a new
regulatory framework for the Blockchain industry is on the near
horizon. Because of the current state of the industry, if this
anxiety is not soon answered in a reasonable way, then the space
may be about to experience more problems than it can afford to
experience. In other words, if these companies are not better
educated on the facts surrounding Blockchain regulation soon, then
we may begin to see mass exits.
In this case, by mass exits, we
mean companies abandoning their existing support of Blockchain
technology because they perceive it to be too risky in a legal
sense.
Related to these perceived risks,
regulatory concerns are not the only ones specified. Coindesk’s
article goes much further into the issues that Deloitte has found
with the industry as well, in order to illuminate all areas that
might need to be addressed before widespread adoption can occur. In
the end, all of us who are involved in the rise of the Blockchain
in any capacity, would do well to recognize, analyze and act on
what they are bringing to light.
By: BGN Editorial Staff