Book chapter · Routledge eBooks · September 2, 2024

Navigating the Blockchain Revolution

Shayala Yasmin, Aijaz Ahmed Shaikh, Shafia Jamil, Aneel Salman

Abstract

This chapter delves into the transformative journey of Blockchain technology, tracing its evolution from a foundation for cryptocurrency to a fundamental force across various industries. It underlines Blockchain’s remarkable growth, projecting its value to exceed USD 3.1 trillion by 2030, thereby embedding itself as a critical component of global GDP. The chapter explains Blockchain’s diverse applications, from enhancing electrical grid reliability to revolutionizing traditional business methods through its decentralized and secure ledger system. This book chapter further explores the technology’s adoption across sectors such as finance, healthcare, transportation, and education, highlighting its potential to streamline operations, ensure data security, and foster innovation. The chapter identifies key challenges faced by Blockchain, including scalability and regulatory hurdles, yet emphasizes the ongoing research and collaborative efforts aimed at overcoming these obstacles. It predicts a bright future for Blockchain, which will be marked by its integration with emerging technologies like Artificial Intelligence and Internet of Things, which promises to unlock new avenues for solving complex problems.

Blockchain Technology Applications and SecurityBlockchain Technology in Education and LearningDigital Transformation in Lawblockchaincryptocurrencyblockchain applications

Navigating the Blockchain Revolution

Abstract

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