A Survey on Blockchain Technology and its Proposed Solutions

Abstract

Blockchain technology had become evident since 2008 when Santoshi Nakamoto aimed to serve blockchain as a bond ledger of the cryptocurrency bitcoin. It should never be compared to any existing technologies like the internet. Blockchain is pleased with the fact that it provides high satisfaction and a trust bond to its users. There are significant implementations of blockchain technology across various sectors of a country which includes the agricultural venture, education venture, and supply chain management systems. Blockchain technology can be useful in countries like India, where the agricultural sector perturb about one-sixth of the total GDP of the country and also about half of the employees working in that country. So we will discuss several implementations of blockchain, which are spoonful in transforming a nation.