The Future of Blockchain Technology

Blockchain, the next generation of the Internet, has already made a significant impact in the realtimeoperations of the financial sector over the past decade. Cryptocurrency, the Internet of Things (IoT),financial services, etc. all benefit from its robust set of tools, which facilitate the cross-pollination of theseand other technologies. Decentralization long-term reliability are the two most crucial aspects ofBlockchain technologies. Despite the fact that Blockchain Bitcoin technologies are both beneficial, theyare nonetheless often confused with one another. In addition, this article distinguishes between the twowith the help of the smart contract's development highlights the potential advantages of blockchaintechnology. While several research have focused on how blockchain can be used in specific contexts,neither the technology nor its potential uses have been systematically surveyed. We undertake anextensive assessment of blockchain technology, architecture, analyzes blockchain applications, technical problems to address this knowledge gap.

Authors

Publication Details

Journal
Journal of Advances in Science and Technology
Published
2024-09-02
DOI
https://doi.org/10.29070/jds6aw82
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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article

The Future of Blockchain Technology

Arshiya Sharma Arshiya Sharma
Journal of Advances in Science and Technology
Blockchain Technology Applications and Security
article

The Future of Blockchain Technology

Arshiya Sharma Arshiya Sharma
article en

Abstract

Blockchain, the next generation of the Internet, has already made a significant impact in the realtimeoperations of the financial sector over the past decade. Cryptocurrency, the Internet of Things (IoT),financial services, etc. all benefit from its robust set of tools, which facilitate the cross-pollination of theseand other technologies. Decentralization long-term reliability are the two most crucial aspects ofBlockchain technologies. Despite the fact that Blockchain Bitcoin technologies are both beneficial, theyare nonetheless often confused with one another. In addition, this article distinguishes between the twowith the help of the smart contract's development highlights the potential advantages of blockchaintechnology. While several research have focused on how blockchain can be used in specific contexts,neither the technology nor its potential uses have been systematically surveyed. We undertake anextensive assessment of blockchain technology, architecture, analyzes blockchain applications, technical problems to address this knowledge gap.

Journal of Advances in Science and TechnologyVol. 20(1)
Industry, innovation and infrastructure
Openalex Percentile: Top 78%
Blockchain Technology Applications and Security
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