Rameshkumar, N (2023) Blockchain Technology: Revolutionizing Sectors and Defining Digital Transactions' Future. Blockchain Technology: Revolutionizing Sectors and Defining Digital Transactions' Future. pp. 1738-1742. ISSN 2687-7767

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Abstract

Blockchain, which was once the foundation of
cryptocurrencies, has developed into a flexible as well as
decentralized platform that is changing the way that digital
transactions are conducted across various industries. The
significant effects of blockchain technology on identity
management, supply chain management, healthcare, and
finance are examined in this essay. The decentralized ledger,
smart contracts, and cryptographic security of the technology
improve openness, expedite processes, and lower fraud.
Blockchain transforms international trade alongside promotes
decentralized finance in the financial sector. It guarantees endto-
end transparency and accountability in supply chain
management. Verifiable digital identities enhance identity
management's safety, while secure patient data sharing and
streamlined procedures benefit healthcare. Blockchain is a
catalyst for a safer and more efficient digital future because of
its diverse applications and fundamental components,

Item Type: Article
Uncontrolled Keywords: Blockchain Technology, Digital Transactions, Decentralization, Smart Contracts, Sector Disruption
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Mr Team Mosys
Date Deposited: 03 Sep 2024 06:21
Last Modified: 03 Sep 2024 06:21
URI: https://ir.psgcas.ac.in/id/eprint/2192

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