Blockchain technology: A systematic review

Abstract

Blockchain technology has emerged as a revolutionary and transformative technique having potential to revolutionize various industries. This essay seeks to present a thorough review of blockchain technology, including its various forms and uses in healthcare, supply chain management, and finance. Additionally, it discusses the fundamental concepts of blockchain, including distributed ledger, cryptographic hash functions, consensus mechanisms, and smart contracts. The different types of blockchains, their features, and their use cases are discussed in detail. The paper also covers the utilization of this technology in finance, supply chain management, and healthcare. Finally, the paper concludes with a discussion of the potential benefits and challenges associated with the adoption of it. It is increasingly popularized across industries due to its ability to provide secure and transparent means of conducting transactions. Its distributed ledger system eliminates the need for intermediaries, making it more efficient and cost-effective than traditional methods.