Limitation of Blockchain Technology

Blockchain technology has enormous potential in creating trustless, decentralized applications. But it's not perfect.
There are certain barriers which make the blockchain technology not the proper choice and unusable for mainstream application.

Limitations of Blockchain Technology

Immutable

In immutable, we cannot make any modifications to any of the records.
It's very helpful if you would like to stay the integrity of a record and make sure that no-one ever tampers with it. But immutability also has a drawback.
We can understand this, In the case, once you want to form any revisions, or want to travel back and make any reversals.
For eg , you have processed payment and wish to go back and make an amendment to vary that payment.

As we know, blockchain is made on cryptography, which means that there are different keys, like public keys and private keys.
Once you are dealing with a private key, then you're also running the danger that somebody may lose access to your private key.
It happens a lot within the early days when bitcoin wasn't worth that much.
People would just collect tons of bitcoin, then suddenly forgot what the key was, and people may be worth many dollars today.

Blockchain like bitcoin has consensus mechanisms which require every participating node to verify the transaction.
It limits the number of transactions a blockchain network can process. So bitcoin wasn't developed to try to do the massive scale volumes of transactions that a lot of the opposite institutions do.
Currently, bitcoin can process a maximum of seven transactions per second.

In the blockchain, we all know that a block is often created in every 10 minutes.
It's because every transaction made must make sure that every block within the blockchain network must reach a standard consensus.
Depending on the network size and therefore the number of blocks or nodes involved during a blockchain, the back-and-forth communications involved to achieve a consensus can consume a considerable amount of your time and resources.

There are tons of discussion about blockchain, but people don't know truth value of blockchain and the way they could implement it in several situations.

Today, there are tons of developers available who can do a lot of different things in every field. But within the blockchain technology, there aren't so many developers available who have specialized expertise in blockchain technology. Hence, the lack of developers may be a hindrance to developing anything on the blockchain.