Scope and Challenges of Blockchain Technology

Abstract

AbstractAfter the distribution of the white paper on Bitcoin, published by Satoshi Nakamoto in 2008, blockchain (BC) has become one of the most much of time-examined techniques for making sure about information stockpiling and moves through decentralized, trustless, shared frameworks. Blockchain Technology got its limelight after the success of a cryptocurrency named Bitcoin. Blockchain technology is completely behind working of Bitcoin. Blockchain is a tamper-proof technology with applications in a widespread area. The key behind BC is its tamper-proof nature, which provides integrity to data authentication. This paper focuses on the fundamentals of blockchain, along with its role in various other applications and technologies. The paper will also enlighten the readers about issues related to blockchain technology in integration with other technologies. The paper will expose the impact of blockchain technology in providing solutions to issues concerned with advanced technologies. This examination identifies peer-checked on writing that tries to use blockchain for cybersecurity purposes and presents a methodical investigation of the most ever now and again embraced blockchain security applications. The Internet of Things (IoT) credits itself well to novel blockchain applications, as do frameworks and machine recognition, open key cryptography, web applications, certification plans, and the ensured amassing of Personally Identifiable Information (PII). This helpful systematic review moreover uncovers understanding into the future heading of assessment, preparing, and rehearses in the blockchain and cybersecurity space, for instance, the security of blockchain in IoT, the security of blockchain for AI data, and sidechain security.KeywordsBlockchainCyber securityCyber-attacksBitcoinEthereumCryptographyHealthcareRetailBlockchain technology