Innovative Blockchain-Based Applications - State of the Art and Future Directions

Publisher:
Springer International Publishing
Publication Type:
Chapter
Citation:
Advanced Information Networking and Applications, 2021, 227, pp. 323-335
Issue Date:
2021-01-01
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Recently, blockchain technology has increasingly being used to provide a secure environment that is immutable, consensus-based and transparent in the finance technology world. However, significant efforts have been made to use blockchain in other fields where trust and transparency are required. The distributed power and embedded security of blockchain leverage the operational efficiency of other domains to be immutable, transparent, and trustworthy. The trust of the published literature in blockchain technology is centered on crypto-currencies. Therefore, this paper addresses this gap and presents to the user several applications in many fields, including education, health, carbon credits, robotics, energy, pharmaceutical supply chains, identity management, and crypto-currency wallets. This paper overviews the knowledge on blockchain technology, discusses the innovation of blockchain technology based on the number of applications which have been introduced, describes the challenges associated with blockchain technology, and makes suggestions for future work.
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