A METHODOLOGICAL REVIEW ON APPLICATIONS OF BLOCKCHAIN TECHNOLOGY AND ITS LIMITATIONS

Abstract

Earlier, Blockchain technology was used mainly for Crypto-currency, which visualizes the Bitcoin and Blockchain technology as identical. As of now around 3000 crypto-currencies are present, among them Bitcoin is the largest Crypto-currency. This paper presents a Systematic Literature Review (SLR) of the applications of Blockchain technology over different areas. This paper focuses on various areas and applications where Blockchain technology is used. Researchers and academicians have utilized Blockchain in numerous fields. Based on the previous works, a universal classification of Blockchain based application is considered of various domains such as financial application, integrity verification, governance, Internet of Things (IOT), health care management, privacy and security, education and data management etc. This paper also converses about the few of the limitations of Blockchain technology.