Block Chain a Peer-to-Peer Network: A Holistic Study from Research Firm to Corporate House

Abstract

The blockchain, the technological innovation reinforcement the recognizable cryptocurrencies bitcoin, has progressively more the subject of academic and public question. In present circumstances it has become buzzword in a future too. Blockchain technology, first functional in the blueprint of Bitcoin in 2008, emerged from a movement of anarchists, computer scientists and crypto aficionado who aphorism the impending of the technology as a breakthrough in the long anticipated apprehension of an old “cypherpunk” dream of money that is free from the control of the state which also in a judicial language was considered as a legal tender and other third parties, such as commercial banks. The main aim of the research is to elucidate the concept of blockchain in a holistic manner vis-a-vis peer-to-peer network management by taking into consideration Internet of Thing (IoT), cryptocurrencies and bitcoin, positive etc. The study also highlights the impact of blockchain in a management perspectives. The paper also demonstrates how blockchain management with IoT will offer opportunities to the organizations and how it will impact their future competitiveness and market share and it exhibits various other issues relating to blockchain.