Future Trends of Blockchain Technology in the Technological Fields

Abstract

The digital mechanism is rapidly transforming the future, which is expected to be beneficial for all stakeholders of society. The role of blockchain in the current environment, the feasibility of its impact, and the in-practice values of blockchain will define its future role. Therefore, this research proposes to study the implemented applications of blockchain in various domains to explore the core roles of blockchain. By elaborating on the scope of blockchain, the future aspects and usability patterns are being debated, which will yield the future trend of blockchain. Such discussion will be the subsequent initiative towards the smart world integrated with blockchain technology, where decentralization, security, immutability, efficiency, and transparency are guaranteed towards personal, social, and professional lives. Such sustainable technological integration would be effective towards attaining the various significant goals of the defense industry, where country sovereignty, war preparedness, the efficiency of intelligent agencies, and effective operations of the state-supported organization are materialized. The research would be assistive for the policymakers towards decisive policy implementation for blockchain integration.