What Are the Challenges to Widespread Adoption of Smart Contracts for Disintermediation?

Widespread adoption of smart contracts for disintermediation faces several hurdles. Key challenges include the technical complexity and shortage of skilled developers, which creates a steep learning curve.

Regulatory uncertainty and the inflexibility of legal frameworks across different jurisdictions pose significant barriers to acceptance. Furthermore, integrating with legacy financial systems is costly and complex, and there are concerns about scalability, security, and the high costs of transactions on many blockchain networks.