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Blockchain for Modern Applications: A Survey.

Moez Krichen1,2, Meryem Ammi3, Alaeddine Mihoub4

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Summary
This summary is machine-generated.

Blockchain technology, initially for cryptocurrencies like Bitcoin, is now expanding into diverse sectors. This review explores its applications in finance, healthcare, and IoT, highlighting benefits and challenges for broader adoption.

Keywords:
Internet of Things (IoT)blockchainfinancegovernmental serviceshealthcareinformation systemsmilitary/defensereviewsmart gridswireless networks

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Area of Science:

  • Computer Science
  • Information Technology
  • Distributed Systems

Background:

  • Blockchain technology offers a decentralized, immutable ledger for secure data management.
  • Initially developed for cryptocurrencies like Bitcoin and Ethereum, its potential extends beyond digital finance.
  • Key features include decentralization, persistency, anonymity, and auditability, driving interest in new applications.

Purpose of the Study:

  • To review the current and potential applications of blockchain technology across various industries.
  • To identify the core features of blockchain that make it suitable for diverse use cases.
  • To highlight the challenges hindering the widespread adoption and effective utilization of blockchain.

Main Methods:

  • Literature review of blockchain applications in different fields.
  • Analysis of blockchain's core characteristics: decentralization, persistency, anonymity, and auditability.
  • Identification of challenges and opportunities for blockchain implementation.

Main Results:

  • Blockchain is being explored in finance, healthcare, information systems, wireless networks, Internet of Things (IoT), smart grids, governmental services, and military/defense.
  • The technology's inherent features are beneficial for enhancing security, transparency, and efficiency in these sectors.
  • Several challenges, including scalability, interoperability, and regulatory hurdles, need to be addressed.

Conclusions:

  • Blockchain technology possesses transformative potential across a wide array of industries beyond its initial cryptocurrency applications.
  • Addressing identified challenges is crucial for unlocking the full benefits of blockchain in areas like healthcare, finance, and IoT.
  • Further research and development are needed to optimize blockchain solutions for diverse real-world applications.