Blockchain Technology and its Transformative Impact on Service Industries: A Comprehensive Analysis

Computer Engineering (Blockchain)

Since blockchain technology was introduced, it has changed the traditional business model in many business fields. This paper sheds new light on the transformational impact of blockchain technology on service industries such as finance, health care and supply chain management. Based on a mixed-methods research method -- through extensive literature synthesis, questionnaires and interviews -- this study investigates the implementation, challenges and impacts of blockchain technology on service Delivery procedures. The conclusions of the study demonstrate a wide range of advantages associated with blockchain technology adoption, such as transparency, safety and efficiency enhancements. Additionally, they delve into several challenges that remain unresolved: such as scaling up, interoperability and regulatory uncertainty. By combining quantitative and qualitative data analysis techniques, the study provides valuable insights into stakeholders ' attitudes, perceptions of and experience with blockchain technology.

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