An Overview of Blockchain Technology Based on a Study of Public Awareness

Abstract

Blockchain Technology is one of the latest technological advancements and has the potential to benefit many organizations. The focus of this paper is to provide an overview of Blockchain Technology to render a better understanding of what it is and how it operates. Another section of this paper will include a variety of questions that should be asked to determine if Blockchain Technology is the optimal solution for organizations. Within this section, how Blockchain Technology can be beneficial to organizations will also be summarized. Subsequently, there is a discussion showing how different industries are currently learning how to utilize the technology in order to gain an advantage in their sectors. This paper will also examine the results of a study conducted to assess public knowledge of Blockchain Technology.