as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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state a possible drawback of using blockchain technology.
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one possible drawback of using blockchain technology is that it can be difficult to scale due to its reliance on a large number of computers working in unison to maintain the chain. furthermore, it is also resource intensive and can require expensive hardware and a lot of energy to maintain the blockchain. additionally, blockchain technology is relatively new, and its long-term implications and effects on businesses, governments, and other organizations is still uncertain.
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