Blockchain: Status-Quo, Enablers and Inhibitors

Abstract

Blockchain has been evolving and gaining new heights over the years. The shift in the perspective is allowing new user cases beyond the cryptocurrency space. Cryptocurrencies are digital assets supported by the complexities of cryptography, game theory and peer-to-peer networks. Blockchain became a popular platform for decentralized applications, as well as a valuable tool for start-ups seeking fundraising. The aim of this research paper is to review and assess the status quo for each branch of use cases, and then analyze the enabling and inhibiting factors influencing the adoption of blockchain. These findings permit a broader comprehension over the concepts backing blockchain. It will help new users to establish strategies, develop solutions and encourage the employment of blockchain technology.