Abstract
The study provides an overview of the transformative applications of blockchain technology in the global business landscape. With its decentralized and secure nature, blockchain is reshaping traditional business models by fostering transparency, enhancing security, and optimizing operational efficiency. The study explores the impact of blockchain technology on the key sectors of the businesses focusing on both financial services (banks, insurance, and capital markets) and non-financial sectors (retail, travel, healthcare, telecommunications, public sector). Delving into the transformative impact, it explores hurdles like awareness, cultural shifts, cost, regulation, and security, emphasizing how blockchain presents a paradigm shift from traditional practices. The findings contribute to a nuanced understanding of blockchain's potential in reshaping business landscapes while addressing key challenges for widespread adoption.
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