Blockchain Technology : A Survey on Applications beyond Cryptocurrency

In the hyper-connected world, data has been playing a significant role in earthing the system of every domain that one can think of. But, it is undeniable fact that today data has prone to serious threats as it was never before, which has questioned the reliability, integrity as well as security of data. So, the technology has emerged that can mitigate all these issues, and that technology is none other than the technology residing at the heart of Bitcoin, The Blockchain.

Blockchain is one of the powerful technologies that has brought a revolution in conventional trading techniques. Conceptually, it is an open and distributed ledger that maintains an irrefutable database of records of all transactions or values that have been executed and shared peer-to-peer directly obsoleting the need for trust-worthy intermediatory in a secure, verifiable, moreover, in a permanent way alleviating the risk of fraud.

The main objective of this paper is not only to make blockchain a common business trading language but also to present its compelling applications in contrasting domains that are beyond currency rides, specifically in healthcare, politics, and its strategic implications in bridging strong economy using smart contracts that can revolutionize our digital global village.