Blockchain Business Model and Security
Dharmik Gangani, Anuj Vaghani · International Journal for Research in Applied Science and Engineering Technology · 2023
Abstract: Blockchain has become the most mentioned or a trending topic on the internet. Today, it is used for many purposes such as smart contracts, keeping records of financial data for banks, data management for government agencies or servicesbased companies, etc. Blockchains are phlebotomizing money. Now a day there is a plethora of different networks or tokens available. Each and every token and network has its own pros and cons. You can use this cryptocurrency to purchase goods or services on the platform or transfer it to various exchanges. But the point is how this token or cryptocurrency generates revenue from providing different services. How are individual networks able to be upheld value in the blockchain market? This research aims to know what are the different ways through which a blockchain company makes money and what things are important to run a profitable blockchain company and also researches what kind of vulnerability and problems occur in the blockchain. Blockchain networks are not immune to cyberattacks and fraud. Through this, we hope to increase the transparency of the Blockchain Business model to enhance the public's trust in blockchain networks and help to make a decision on which blockchain networks are profitable and good for future investments.