Also, no clear regulations govern blockchain technology, so there are no specific rules to be followed, giving each organization mandate to create its own. Another drawback is that blockchains are linked with negative images of cryptocurrencies such as crypto, mainly operating with hackers and fraudsters involved in criminal activities (Zheng, Xie, Dai, Chen & Wang, 2018). Lack of cooperation as every organization is engaged in creating their blockchains with different set out standards. Other disadvantages of blockchains include legacy systems, interoperability, huge implementation cost, the immutability of data, and too much energy consumption by some blockchain solutions.
