11 Making Sense of Blockchain: How Firms Can Chart a Strategic Path Forward ^Top enormous value.17 Mature firms often fall victim to status quo biases that create resistance to change. 6) Dearth of Skilled Human Resources & Capabilities Given that blockchain technology is still evolving and its scope and limitations still being discovered, no single authority can provide all the knowledge that firms require. Developers and other human capital will be needed to come up with solutions and to work around limitations, but such individuals are scarce in the labor market. 7) Regulatory Uncertainty Although a few regulators, such as the state of Delaware, acknowledge the benefits of decentralized ledgers, widespread regulation cannot be put in place as long as the limitations and risks of implementation are unclear. And yet, large-scale adoption cannot take place until there is regulatory guidance. Hence, blockchain adoption is still a risky proposi- tion today for critical business functions. On top of these business challenges, technological concerns including secu- rity, interoperability among firms, and scalability will need to be addressed before firms can confidently adopt blockchain.  17 Maxwell Wessel, “Big Companies Can’t Innovate Halfway,” Harvard Business Review, October 04, 2012, https://hbr.org/2012/10/big-companies-cant-innovate-halfway.