Blockchain Beyond Cryptocurrency: Architectural Insights, Interdisciplinary Applications and Implementation Challenges
DOI:
https://doi.org/10.48001/978-81-980647-6-9-9Keywords:
Distributed Ledger, Interdisciplinary Applications, Technology Architecture, Implementation ChallengesAbstract
Blockchain technology has evolved beyond its initial application in cryptocurrency, emerging as a revolutionary digital infrastructure with far-reaching implications across industries. Built on decentralized ledgers, cryptographic security, and consensus mechanisms, blockchain enhances data integrity, reduces intermediaries, and fosters trust in digital transactions. Its applications span multiple sectors, including healthcare, where it secures patient records; supply chain management, where it ensures traceability and efficiency; governance, where it promotes transparency and accountability; and digital identity verification, where it enables self-sovereign identity management. Despite its transformative potential, widespread adoption faces challenges such as scalability limitations, energy consumption, regulatory uncertainties, and integration complexities. By synthesizing current literature and analyzing emerging trends, this paper explores blockchain’s evolving role in shaping secure, transparent, and decentralized digital ecosystems while addressing critical barriers to its implementation.
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