Exploring the Implications and Applications of Blockchain Technology

Abstract

                Blockchain technology has gained momentum and has a far-reaching impact in diverse industries. This article explores the survey of recent literature to find out its applications and impediments. Blockchain potentially has made inroads into finance, supply chain and healthcare. Its transparency, cost, effectiveness, and security have been accepted by financial institutions. In the supply chain, it can reduce fraud and raise traceability. Security and clinical trial integrity are taken care of by this technology. In healthcare services in regions where banking is sparse, Blockchain allows financial inclusion through secure transactions, secularity, energy use, and regulatory bundles are the challenges that impact Blockchain technology.