Obstacles of Blockchain Technology Usage

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Obstacles of Blockchain Technology Usage
Blockchain technology is now the most advanced and innovative technology in the world. Generally, the blockchain technology is a distributed ledger that records relevant data in a permanent, secure and a verifiable manner. The blockchain technology has been described as the future of modern industries and since it gained popularity in 2008 the technology has been adopted and used by various industries. The blockchain technology has been used beyond the development of cryptocurrencies and can be used in every industry to increase the efficiency level. 

![bitcoin-3385526_960_720.jpg](https://steemitimages.com/DQmZYnCFmwH645ShdJsp6gQpZ5g7Sgj7TS2z6pLmLjFa8Hp/bitcoin-3385526_960_720.jpg)
[Image Source : https://pixabay.com](https://pixabay.com/fr/bitcoin-blockchain-monnaie-%C3%A9change-3385526/)

Top companies and even countries are adopting this technology for various uses, but there have been certain issues that have plagued the adoption of this technology on a larger scale, this article will discuss those obstacles. They include :

- **Difficult to use** : the blockchain technology although being the most advanced and innovative technology right now happens to be at the same time difficult to use. Users would have to have an idea of private and public keys before they can begin using this technology. Also, confusion has arisen as a result of the difference between the technology and the traditional standard database technologies. 

- **Education** : this has proved to be another major obstacle to the adoption and use of the blockchain technology. Most individuals and industries do not know really know the benefits and uses of the blockchain technology and this can generally be an obstacle as they would not be able to adopt something they do not know. Also, most individuals have a misconceived idea of the benefits of the technology. Also, lack of awareness of the relevance of the blockchain technology is another problem that must be solved if the blockchain technology must be adopted worldwide. 

- **Lack of urgency in adopting the blockchain technology** : individuals in developed countries make use of non-blockchain platforms because there is no urgency or need to use the blockchain technology. For companies, the time and resources that would be put into overhauling their current system and replacing it with the blockchain technology. 

- **Cost** : the cost of overhauling the present system and replacing it with the blockchain technology for companies is expensive and could also pose to be a threat to the general adoption of the technology. The blockchain technology can be used in all industries, but the cost of adopting and managing this technology is outrageous and that is why most middle classed organizations have not been able to adopt and begin using this technology to improve the efficiency of their organization. 

These obstacles mentioned above are some of the main problems of the blockchain technology. In order to solve these problems, especially that of education, an awareness campaign must be carried out to ensure that more individuals and organizations realize the benefits of this technology. It is recorded that the lack of awareness is the main obstacle of the adoption of the technology, so this problem must be solved and those with mixed ideas should be clarified as regards to the main benefits and features of the technology.
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