The University of SydneyPage 58Challenges with Blockchain Technology–Scalability–Bitcoin can only carry up to 7 transactions per second.–Block size if limited (1MB)–Privacy–Information on the transactions can be read by participants–Interoperability–There are thousands of chains (even in cyptocurrancies) in the market today.–Governance–New form of making decisions–If you don’t understand it, you are reluctant to accept it.–Operational risks with public blockchains–Public Policy and Legal Frameworks–Guarding against malicious attack–Financial stability