Research Cell: An International Journal of Engineering Sciences

Open Access Open Access  Restricted Access Subscription Access

Blockchain Technology : A Survey on Applications beyond Cryptocurrency


Affiliations
1 Student (MCA), India
2 Student (MCA), Department of Computer Science & Application, DAV University, Jalandhar, India
3 Associate Professor, Department of Computer Science & Application, DAV University, Jalandhar, India
 

In the hyper-connected world, data has been playing a significant role in earthing the system of every domain that one can think of. But, it is undeniable fact that today data has prone to serious threats as it was never before, which has questioned the reliability, integrity as well as security of data. So, the technology has emerged that can mitigate all these issues, and that technology is none other than the technology residing at the heart of Bitcoin, The Blockchain.

Blockchain is one of the powerful technologies that has brought a revolution in conventional trading techniques. Conceptually, it is an open and distributed ledger that maintains an irrefutable database of records of all transactions or values that have been executed and shared peer-to-peer directly obsoleting the need for trust-worthy intermediatory in a secure, verifiable, moreover, in a permanent way alleviating the risk of fraud.

The main objective of this paper is not only to make blockchain a common business trading language but also to present its compelling applications in contrasting domains that are beyond currency rides, specifically in healthcare, politics, and its strategic implications in bridging strong economy using smart contracts that can revolutionize our digital global village.


Keywords

Bitcoin, Blockchain, Open-Ledger, Miners, Healthcare, Supply Chain, Smart Contracts.
User
Notifications
Font Size

  • S. Khezr, MD Moniruzzaman, A Yassine, R Benlamri; Blockchain technology in healthcare: A Comprehensive Review and Directions For Future Research – April-2019.

  • Sarah Underwood, "Blockchain Beyond Bitcoin," Communications of the ACM, vol. 59, no. 11, pp. 15-17, November 2016.

  • Sam Daley; Blockchain voting: the future of elections, Last updated September-2022.

  • Ye Guo and Chen Liang. Blockchain application and outlook in the banking industry. Financial Innovation, 2(1):24, 2016.

  • Ning Shi; A new proof-of-work mechanism for Bitcoin. Financial Innovation, 2(1):31, 2016.

  • Dmitry Effanov, Pavel Roschin; The All-Pervasiveness of the Blockchain Technology, Published by Elsevier Ltd, 2018.

  • Mahdi H. Miraz, Maaruf Ali; Applications of Blockchain technology beyond Cryptocurrency, December 2017.

  • Uzma Jafar, Mohd. Juzaiddin Ab Aziz, Zarina Shukur; Blockchain for electronic voting system – review and open research challenges, published by MDPI.

  • Syadav Tasmia Alvi, Mohammed Nasir Uddin, Linta Islam, Sajid Ahamed; DVTchain : A blockchain-based decentralized mechanism to ensure the security of digital voting system, October 2022.

  • A. Azaria, A. Ekblaw, T. Vieira, and A. Lippman. MedRec: Using Blockchain for Medical Data Access and Permission Management. In 2016, 2nd International Conference on Open and Big Data (OBD), pages 25–30, Aug 2016.

  • Benefits of Blockchain – published by IBM. Available at https://www.ibm.com/in-en/topics/benefits-of-blockchain 12. Macro Lansiti, Karim R. Lakhani; Harward Business Review: the truth about Blockchain, February-2017.

  • Michael Crosby, Nachiappan, Pradan Pattanayak, Sanjeev Verma, Vignesh Kalyanaraman; Applied Innovation Review; Blockchain Technology: beyond bitcoin, published by Berkeley, 2016.

  • Abid Haleem, Mohd. Javaid, Ravi Pratap Singh, Rajiv Suman; Blockchain Technology applications in healthcare: An overview,2021.

  • Ghassan Karame. On the security and scalability of bitcoin’s blockchain. In Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security, CCS ’16, pages 1861–1862, New York, NY, USA, 2016. ACM.

  • What is blockchain – published by money.com , Available at https://money.com/what-is-blockchain.


Abstract Views: 152

PDF Views: 0




  • Blockchain Technology : A Survey on Applications beyond Cryptocurrency

Abstract Views: 152  |  PDF Views: 0

Authors

Ramandeep Kaur
Student (MCA), India
Himanshu Aggarwal
Student (MCA), Department of Computer Science & Application, DAV University, Jalandhar, India
Hiteshwari Sabrol
Associate Professor, Department of Computer Science & Application, DAV University, Jalandhar, India

Abstract


In the hyper-connected world, data has been playing a significant role in earthing the system of every domain that one can think of. But, it is undeniable fact that today data has prone to serious threats as it was never before, which has questioned the reliability, integrity as well as security of data. So, the technology has emerged that can mitigate all these issues, and that technology is none other than the technology residing at the heart of Bitcoin, The Blockchain.

Blockchain is one of the powerful technologies that has brought a revolution in conventional trading techniques. Conceptually, it is an open and distributed ledger that maintains an irrefutable database of records of all transactions or values that have been executed and shared peer-to-peer directly obsoleting the need for trust-worthy intermediatory in a secure, verifiable, moreover, in a permanent way alleviating the risk of fraud.

The main objective of this paper is not only to make blockchain a common business trading language but also to present its compelling applications in contrasting domains that are beyond currency rides, specifically in healthcare, politics, and its strategic implications in bridging strong economy using smart contracts that can revolutionize our digital global village.


Keywords


Bitcoin, Blockchain, Open-Ledger, Miners, Healthcare, Supply Chain, Smart Contracts.

References