A STUDY ON EMERGENCE AND FUTURE OF BLOCKCHAIN TECHNOLOGY

Abstract

In the era of digitalization, businesses have emerged with the lots of futuristic technologies that make communications easier and faster. This white paper depicts the ubiquitous nature of Peer-toPeer communication i.e., Blockchain. It has several positives and applications in various fields such as digital currency, banking and financial services, logistic, personal identity security etc. Blockchain works on consensus algorithms, once entered information can never be erased. Blockchain has manifold benefits such as decentralization, persistency, anonymity and auditability. Lime light of the paper is to figure out how far the roots of modern technology Blockchain has strengthen and the possible future possibilities.

Keywords: Blockchain, Digital Currency, Consensus Algorithms.