Blockchain: Reason behind Cryptocurrencies

Mukul Nair, Shobha Tyagi

Abstract: Blockchain technology has the potential to significantly alter our corporate environment and will be extremely influential over the coming few decades. It has the potential to alter our economic structure and the way we view corporate processes. Blockchain is a decentralized and distributed ledger system that aims to assure transparency, data security, and integrity because it cannot be changed or manipulated. Only a small portion of current research on blockchain technology is geared toward examining its use in contexts or industries other than cryptocurrencies like Bitcoin. The majority of current research on blockchain technology is concentrated on its use in cryptocurrencies like Bitcoin. Blockchain technology is more than simply bitcoin; it has a number of uses in business process management, government, banking, and finance. As a result, this study makes an effort to look into and examine the opportunities and difficulties associated with current and potential Blockchain Technology implementations. As a result, a sizable number of published papers were thoroughly examined and studied in light of their contributions to the field of Blockchain research.

Keywords: Blockchain, pier to pier connection, cryptocurrency