Authors : Mikhil Chohda

Volume/Issue : Volume 8 - 2023, Issue 8 - August

Google Scholar : https://bit.ly/3TmGbDi

Scribd : https://tinyurl.com/hy8r657f

DOI : https://doi.org/10.5281/zenodo.8337524

Abstract : This study aims to explore Blockchain technology which is a new technology that has the potential to alter many sectors by making procedures more democratic, safe, transparent, and efficient. Blockchain technology's broad adoption has had a significant influence on how people deal in the digital world. The use of blockchain technology has been expanding across a number of industries as technology advances. Blockchain is an emerging technology that enables smart contracts to perform a variety of processes and different jobs. The foundation of blockchain is smart contracts, which have the ability to replace the position of "middle man" as it can reduce costs, minimize delays, offer more timely and precise data, and improve reporting accuracy. This makes it incredibly difficult for hackers to change or breach blockchain data, especially in a system using a public blockchain. PoC Design is the name given to the new IoT-PoC development process based on extreme programming.

Keywords : Blockchain, types of blockchain, Transformation of the financial industry, smart contracts, blockchain, and real business value.