payment systems, supply chain information, weather forecast, and

many more, in the economy.

Interoperability issues: Trying to solve the DLT problem in their own

unique way, there are multiple types of blockchain networks that work

differently, leading to interoperability issues where these chains are

not able to communicate effectively. This issue also persists in

traditional systems and systems using blockchain technology.

Sustainability of blockchain protocol: Blockchain is a new

technology and will require time to mature with multiple players such

as Corda, Hyperledger, Enterprise Ethereum, and Ripple trying to

solve the decentralized problem with their unique solutions. A lot of

time is still left before blockchain technology matures and sustains

businesses being less hesitant to adopt blockchain technology. One of

the limitations of blockchain that needs to be solved is the problem of

maturity and sustainability like with any other new technology. For a

long time now, blockchains are also not getting matured. Before we

can see the changes in standardizing blockchain technology, there is

still a lot to go. There are diverse solutions that aim to solve the core

problems but are not working together to standardize them.

Risk of error: Blockchain involves different parties, whether they are

developers, users, speculators, or even hackers. The effect of

developers making mistakes when writing code for blockchain

applications is preventing the usage of blockchain by risk-averse

people. When it comes to the users, the inalterability of blockchain is

considered to serve as protection against manipulative attempts. When

discussing opportunities for improvement, educating users and

developers is the first important step in reducing human error. The

users need to be aware of multi-factor authentication and of how the

technology works. Developers have to be educated to provide secure

platforms and minimize bugs.

Security flaw (51%

under control): A notable security flaw in

Bitcoin and other blockchains is a lie will become the truth if more

than half of the computers working as nodes to service the network tell

a lie called a 5 1%

attack which is highlighted by Satoshi Nakamoto

when he launched Bitcoin. The bitcoin mining pools are monitored

closely by the community, for this reason, ensuring that no one