Enhancement of Blockchain, it’s Application, Challenges and Opportunities

Information Technology

In the present day and age, the Blockchain technology is growing more popularity with each passing day. This is since it has revolutionized the traditional commerce due to its distributed ledger feature. Additionally, every record in this ledger is secured by laws of cryptography, which makes it more secure and tamper-free. This, of course, resulted in the development of several distinct cryptocurrencies, such as Bitcoin, which is founded on a piece of technology that is more widely referred to as Blockchain. Due to the rapid advancement of Blockchain research, there is a need for additional research studies that investigate and analyze the present knowledge in this field through a methodical technical study that demonstrates the influence and significance of the relevant literature from the start of the technology in 2013. In order to accomplish what was set out to do, following the presentation of an unavoidable, condensed summary of Blockchain technology, the papers that were gathered were meticulously analyzed in accordance with seven primary research questions. After that, important and valuable findings, such as the top 10 influential papers, yearly publications and citation trends, the favorite publication venues, the hottest research areas, and the most supportive funding bodies are reported. These findings may offer several implications about the status quo as well as emerging trends and frontiers of Blockchain, and they are intended to guide towards the establishment of a baseline for both new and experienced researchers and practitioners prior to the beginning of a future research project. In conclusion, a quick overview of some ongoing difficulties and possible developments in the field of blockchain technology is provided.

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