The Disruptive Blockchain: Types, Platforms and Applications

Abstract

Organizations are always trying to bring new technologies to their operations with high motivation for value growth and to leverage themselves with cost effective and efficient solutions. These organizations are very sensitive to change and value driven thus constant change is the only law for them to achieve their goals and to be in the market. When Bitcoin jumps into the market, the whole world wanted to own it but now after Bitcoin and Cryptocurrency bubble, there are significant shift towards Blockchain related products, services, solution developments, researches and use-case studies. From technical-financial opportunists, to evangelists, to researchers, to enterprises, to financial institutions, to governments, the whole world is behind Blockchain and now it has the technological spot light. Blockchain has left behind all other technologies as far as research initiatives, investments and financial funding are concern. There are substantial research growth on, how Blockchain can be useful in specific area? Objectives of this paper are to highlight facts and Blockchain phenomena that were misinterpreted and misrepresented due to this sudden shift. In this research article, authors are presenting comprehensive literature review of Blockchain Technologies and its applications in various sectors. Our research supports that Blockchain is revolutionizing and disrupting organizations across all industries. Blockchain is really a next big technological invention after Internet. In Blockchain Code is the law and Smart Contracts are the new way of enforcing agreement and achieving censuses without any need of third party.