Abstract
— Blockchain technology is generating a lot of buzz around the world. If the results of staff and analyst surveys become more extensive, different industries and use cases found can benefit from the adoption of Blockchain. However, the emphasis has been on money rather than on the fundamentals of blockchain technology, such as peer-to-peer networks, encryption, and consensus methods. Despite early reservations about the technology, governments and large companies have recently attempted to implement and expand it in a range of applications, ranging from the banking, social, and legal sectors to architecture, manufacturing, and procurement networks. Given the size, diversity, and sophistication of the mechanisms involved in delivering a wide range of public services, India's governance poses particular challenges. Blockchain technology has the ability to completely transform government, industry, and citizen relationships in ways that were unimaginable just a decade ago. Our paper aims to illustrate the particular problems that have been encountered since their execution, as well as usage cases that the government and companies should investigate.
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More From: International Journal of Engineering Applied Sciences and Technology
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