Blockchain For Decentralizing The Internet: Exploring Possibilities, Future Trends And Challenges

Abstract

This study examines scientific articles on the transformation of blockchain technology in various industries, including banking, agriculture, finance, and transportation, identifying trends, emerging areas, and research challenges. This study explores the potential of blockchain technology for decentralizing the internet, addressing concerns related to privacy, security, and censorship, while also exploring its trends and associated issues. This study explores the potential of blockchain technology to revolutionize internet elements including data storage, content delivery, and identity management, while examining current acceptance patterns for decentralization. Smart contracts enhance transaction efficiency and transparency, while interoperability standards enable seamless communication across blockchain networks, despite substantial obstacles in decentralising the internet. Scalability, regulatory uncertainty, interoperability, and environmental concerns all pose challenges to blockchain networks, hindering widespread adoption and compromising the interoperability and energy usage of internet infrastructure.