Rise of Blockchain Technology: Beyond Cryptocurrency (original) (raw)

This paper highlights how block chain technology will help in innovation and transformation of business and service sector. To solve the issue, the paper presents the architecture and benefits of blockchain technology. Further it discusses the implication of using blockchain technology in banking, transport sector, Internet of things (IoT), and in enterprises consisting of global commodity chains. The technology helps to bring a shift from technology driven to need driven approach. With all the advancement and benefits, there is further research to be done to fit the model in other areas like e governance which will benefit the society and public values.