Too Long; Didn't Read
The goal of this article is to de-bunk common myths associated with blockchain technology and provide an in-depth look at barriers to adoption, and challenges it faces before it's available to the masses. The Bank of International Settlements (BIS), an organization based in Switzerland which is comprised of 60% of the world’s central banks released a report that debunks the possibility of scalability in blockchain. The report argues that in modern-day economies, central banks provide a two-tiered system, trust is generated through accountable central banks.