The Disruptive Blockchain: Types, Platforms and Applications
Abstract:
Organizations
with high motivation for growth and cost-effective operation efficiencies, are
always trying to bring new technologies to their operations. These organizations
are very sensitive to change and value driven thus constant change is the only
law for them to achieve their goals and to be in the market. When Bitcoin jumps
into the market, the whole world wanted to own it but now after Bitcoin and Cryptocurrency
bubble, there are significant shift towards Blockchain related products,
services, solution developments, researches and use-case studies. From
technical-financial opportunist, to evangelist, to researchers, to Tech
enterprises, to financial institutions, to governments, the whole world is
behind Blockchain and now it has the technological spot light. Blockchain has
left behind all other technologies as far as research initiatives, investments
and financial funding are concern. There are substantial research growth on,
how Blockchain can be useful in specific area? Objectives of this paper are to
highlight some facts about Blockchain that were misinterpreted and misrepresented
due to this sudden shift. In this research article, authors are presenting
comprehensive literature review of Blockchain Technologies and its applications
in various sectors. Our research supports that Blockchain is revolutionizing
and disrupting organizations across all industries. Blockchain is really a next
big technological invention after Internet. In Blockchain Code is the law and
Smart Contracts are the new way of doing business.
Keywords:
Blockchain, Permissioned, Permission less, Smart Contract, Bitcoin, Ethereum,
Hyperledger Fabric, Corda R3, Quorum, IOTA, Ripple, Kadena, Tezos, Sawlooth,
NEM, MultiChain, HydraChain, BigChainDB, OpenChain.
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