Role Of Blockchains In The Development Of The Various Sectors

Abstract

In the present era where we all want privacy and things to be confidential. There is nothing that the web owners don’t know about us. This is where blockchain comes into the act. A blockchain is a digital record of all transactions that have been executed among parties. Once the information is entered it can never be erased, even not by the owner. The best part of the blockchain is that it helps to maintain anonymousness. Not only this, blockchain at present is used in many areas like finance, transactions, commerce, judiciary, gaming, and lot more. Blockchain promises benefits like identification, credibility, transparency, and so on. The current paper focuses on the application of blockchain over various sectors of the economy and whether its application has been successful or not.