A Survey on Software Applications based on Blockchain Technology

Abstract

To ensure transparency, Blockchain technology is being implemented in the development of software applications along all the verticals like Banking and Finance, Healthcare, Governance, Education, Agriculture etc. Blockchain is an evolving and a very promising technology, as it is used to eliminate fraud, mitigate risk, makes falsification very hard, brings out transparency and authenticity for various uses. A Blockchain is also termed as Distributed Ledger Technology (DLT). The paper surveys various strategies and algorithms used in Blockchain based applications that were published in renowned journals. The survey also focuses on identifying the merits and demerits of Blockchain technology in almost every possible aspect and provides room for future development.