Role of Blockchain Technology in the Modern Era
Kuldeep Singh Kaswan, Jagjit Singh Dhatterwal, Kiran Sood, Balamurugan Balusamy · 2022
Initially, cryptographic algorithms were used as a public transaction ledger for cryptocurrencies. Beyond cryptocurrency, cryptographic protocols have lately been investigated for various additional applications due to their unique qualities such as scalability, security, accountability, and anti-tampering. Such characteristics are beneficial for a range of important difficulties encountered in the financial industry. Because the energy industry is quickly diminishing, there has been a greater emphasis on investigating the use of sustainable power (e.g., solar energy and wind energy) in replacement fossil fuel. Blockchain-based technologies are intended for use in the (decentralized) energy market. With the help of the energy sector, use in the Healthcare Industry is adopting technologies that allow the digitization of health records and automation of various plausible clinical procedures. To change the environmental issues related to the use of this currency and the hidden in the wings, blockchain technology has been recognized as the driver of innovation in various fields, contributing to creating a more sustainable world. This chapter discusses how blockchain technology is effective in healthcare, the energy sector, financial industry, and sustainable issue.