The Role of Blockchain Technology and Its Usage in Various Sectors in the Modern Age

Abstract

A decade earlier, the basic guiding theory of the blockchain was implemented. It took a few years for the technology to be widely recognized outside the computer science sector in industry and academic communities. Since then, several scientific institutions have taken up the topic. Through this chapter, the authors focus not only on the working mechanism of the technology but also towards the use cases in varied industries. Blockchain implementations are an effective way to actively move business expertise to study goals that support both technical growth and testing through analysis, design, and research approach.