Role of Blockchain Technology in the Modern Era
Kuldeep Singh Kaswan
School of Computing Science and Engineering, Galgotias University, Greater Noida, India
Search for more papers by this authorJagjit Singh Dhatterwal
School of Computing Science and Engineering-AI&DS, Koneru Lakshmaiah University, Vaddeswaram, Guntur, Vijayawada, Andhra Pradesh, India
Search for more papers by this authorKiran Sood
Chitkara Business School, Chitkara University, Rajpura, Punjab, India
Search for more papers by this authorBalamurugan Balusamy
School of Computing Science and Engineering, Galgotias University, Greater Noida, India
Search for more papers by this authorKuldeep Singh Kaswan
School of Computing Science and Engineering, Galgotias University, Greater Noida, India
Search for more papers by this authorJagjit Singh Dhatterwal
School of Computing Science and Engineering-AI&DS, Koneru Lakshmaiah University, Vaddeswaram, Guntur, Vijayawada, Andhra Pradesh, India
Search for more papers by this authorKiran Sood
Chitkara Business School, Chitkara University, Rajpura, Punjab, India
Search for more papers by this authorBalamurugan Balusamy
School of Computing Science and Engineering, Galgotias University, Greater Noida, India
Search for more papers by this authorKiran Sood
Search for more papers by this authorRajesh Kumar Dhanaraj
Search for more papers by this authorBalamurugan Balusamy
Search for more papers by this authorSeifedine Kadry
Search for more papers by this authorSummary
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.
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