Understanding Blockchain: Platforms, Applications and Implementation Challenges

Abstract

Blockchain is a distributed ledger which works on a peer to peer network, with attributes of decentralized technology it's an emerging technology which will revolutionize the way of management of organizations of public and private sectors in coming decades.it provides transpires, security, trust on the system with its qualities like decentralization, immutability, transparency, and consensus-driven results. It's a buzz word nowadays, receiving massive attention in different areas like government, media, and different public-private sector organization. Blockchain is the future of the administration domain. Studies count it as an essential invention as the internet was. Literature in this significant domain is insufficient, and there are many research gaps which demand attention. This paper is a benefit for those who want to understand or contribute to this domain for research point of view or development. This article presents a general overview of blockchain technology its significant components, existing applications and some limitations of this technology.