Missing structured governance around the technology: Governance around DLT and blockchain is challenging, especially when the ledgers are distributed. Since DLT and blockchain are P2P, users use their keys to transact; this is why the governance around key management, as well as the clarity and legality around the loss of keys, still needs to evolve.

It is not urgent: Another important factor for the adoption of any technology revolves around the need for it. If there is a need and urgency for it, the technology will witness a monumental shift toward the adoption of it, both from regulators and businesses. Since enterprises are already invested in the current IT infrastructure, which is also compliant with regulations, they don't have the urgency to shift to DLT and blockchain; it is a huge architecture change and a giant leap. It also involves cost, and enterprises need to gauge the return on investment (ROI). These factors reduce the urgency of DLT and blockchain, as well as its adoption.