Due to the great potential of a blockchain, it has been adopted in various aspects of life.

Yes due to its high quality features many fields are now implemented blockchain technology in it thats a very good thing for the future of blockchain.

One of the major challenge many country are facing is as a result of lack of transparency of work being done.

Yes blockchain also solve the issue of transperancy. Because now we can see all the details of a specific thing with the help of blockchain technology.

it will be difficult to recover an account if the private keys are lost.

Yes this is an issue but I think i will be solve in the future. Thanks for sharing with me and other steemians about blockchain.

Regards:
@malikusman1