Key challenges in blockchain application development

[womocratouzo]

May I ask for your opinion on a question I am interested in? The main challenges in blockchain application development. I have heard that this technology promises a lot, but in practice, blockchain application development faces many obstacles. What are your thoughts on this issue?

[lossauzasalle]

This is a good question and yes some distinct challenges come with building on blockchain. First, one of the biggest challenges distinct to adopting technology is the substantive content of the technology in question. If we are to claim that blockchain is ‘programmable,’ and thus accessible to programmers and developers, it requires an understanding of distributed systems and cryptography that can be difficult to come by for most developers. Moreover, the scalability problem is critical here and arises even when dealing with highly loaded applications. They said it would help and therefore I suggest checking this resource out as it also describes various aspects of business blockchain application development. Also, don't forget the legal challenges: Considering that blockchain technology is new and the legislation surrounding it is constantly changing, it can prove challenging when constructing applications. Lastly, the cost of development is expensive if you are planning on hiring qualified personnel for the job. All these demands call for proper planning and a proper understanding of the situation. Of these characteristics, which ones would you like to know more?

[fapeiyeunesou]

I'm not an expert in this area, but I've heard that many startups face problems raising funding for their projects. In addition, it is not clear how best to integrate blockchain with existing systems. This can take a lot of time and resources. I would recommend finding a community of developers or project participants to share experiences and ideas.