Evolution of Blockchain Technology in Business Applications

Abstract

Blockchain technology is an invention where digital transactions refer to distributed database without the need of third party intervention and authentication. In present time several organizations in various disciplines are adopting this technology which has transparency, integrity, efficiency in cost and time. Its unique technology is being adopted in various industries like banking, legal, healthcare, rentals, education and many more. The intention of this paper is to outline the Blockchain technology and its function in various domain.