Survey on Blockchain Technology

The digital world has brought efficiencies, innovative new products and strong relationships with customers worldwide through the effective use of mobile devices, IoT (Internet of Things), social media, analytics, and cloud technologies to generate models for better decisions. Blockchain was recently introduced and revolutionized the digital world by bringing a new perspective on the security, resilience, and efficiency of systems. Although originally popularized by bitcoin, blockchain is much more than oneBase for cryptocurrency. It provides a secure way to share any kind of good, service or transaction. In addition, blockchain offers lower business costs with a trusted contract that is monitored without third-party intervention, which may not add direct value. It enables smart contracts, commitments and agreements with strong, inherent cyber security features. This paper contains a complete description of blockchain technology..