Too Long; Didn't Read
When we first started hearing about blockchain technology, its potential may have sounded miraculous, with the promise of no third-party involvement, low to zero transaction fees, higher transparency in storing data and much more besides. All the hype might have sounded far-fetched but still a worthwhile technology. Aiming to solve issues of scalability, interoperability and ease of use, blockchain platforms have proven themselves again and again as a disruptor in how we view technology and the impact it has on our lives. So why is it that regulations are getting in the way? Why are regulatory agencies, governments and banks eyeing this technology like it is something to be dreaded?