Applications of Blockchain in Various Domains

Abstract

The enthusiasm for blockchain innovation has been expanding since the thought was authored in 2008. Blockchain refers to the system where records of transactions made in cryptocurrency are maintained. The reason behind the eagerness for blockchain is its key credits that give safety, ambiguity, and information uprightness with no third-party organization in charge of the exchanges, and thus it makes bewitching exploration zones, especially from the view point of exclusive difficulties and limitations. In this chapter, we have led a conscious planning concentrate with the sole purpose of collecting all the important developments on blockchain innovation. The primary goal of this chapter is to comprehend the momentum research points, identifying difficulties in the existing system and future headings with respect to innovations in blockchain from the specialized viewpoint. Results indicate that 80% of the papers focus on the framework and 20% focus on the applications which include agreements and authorizing. Most of the exploration is focusing in on uncovering and improving hindrance of blockchain from protection and safety viewpoints, and yet a large number of the proposed arrangements need solid assessment on their viability. Many other blockchain-related difficulties including throughput and inactivity have been left unstudied. Based on this research, proposals on future exploration and improvements in the existing system are also suggested in this chapter.