What are the potential risks and challenges associated with implementing blockchain technology?
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Implementing blockchain technology creates several challenges and risk factors such as our govt. still have doubts and issues to regulate it which makes things uncertain. As of now if we take a main point which is security ,Security is a big worry because even though blockchain is supposed to be safe, there can still be mistakes in how it’s set up, like with smart contracts. we need user friendly interface basically user experience blockchain technology can be complex for average users. Also from my side cost can be a challenge too inital setups , developing and maintaing this can be very costly.
Implementing blockchain technology creates several challenges and risk factors such as our govt. still have doubts and issues to regulate it which makes things uncertain. As of now if we take a main point which is security ,Security is a big worry because even though blockchain is supposed to be safe, there can still be mistakes in how it’s set up, like with smart contracts. we need user friendly interface basically user experience blockchain technology can be complex for average users. Also from my side cost can be a challenge too inital setups , developing and maintaing this can be very costly.
Implementing blockchain technology creates several challenges and risk factors such as our govt. still have doubts and issues to regulate it which makes things uncertain. As of now if we take a main point which is security ,Security is a big worry because even though blockchain is supposed to be safe, there can still be mistakes in how it’s set up, like with smart contracts. we need user friendly interface basically user experience blockchain technology can be complex for average users. Also from my side cost can be a challenge too inital setups , developing and maintaing this can be very costly.