2023
doi: 10.12720/jait.14.4.718-728
Demystifying Blockchain: A Critical Analysis of Application Characteristics in Different Domains
Vedika Jorika1,2,*
,
Nagaratna Medishetty2
- 1Department of Computer Science and Engineering, Sumathi Reddy Institute of Technology for Women, Warangal, Telangana, India
- 2Department of Computer Science and Engineering, Jawaharlal Nehru Technological University Hyderabad, Hyderabad, Telangana, India
- Manuscript receivedOctober 10, 2022
- revisedNovember 23, 2022
- acceptedDecember 9, 2022
- publishedJuly 26, 2023
Abstract
Different vertical domains have gained popularity in integrating Blockchain technology with their existing applications, because of its numerous benefits like immutable, transparency, privacy, persistence, and security. Blockchain technology is used in various circumstances, allows the applications to achieve higher security, improved traceability, and transparency. This paper reviewed most of the applications related to the different domains and the number of criteria met by each application in each domain requirement. This paper examines the advantages, disadvantages, and limitations of implementing the Blockchain in various applications in different domains. Furthermore, this paper describes the prerequisites for deploying Blockchain across multiple application fields.
Keywords
- blockchain
- application characteristics
- vertical domains
- security
How to Cite
Vedika Jorika and Nagaratna Medishetty, "Demystifying Blockchain: A Critical Analysis of Application Characteristics in Different Domains," Journal of Advances in Information Technology, vol. 14, no. 4, pp. 718-728, 2023. https://doi.org/10.12720/jait.14.4.718-728
Copyright & License
Copyright © 2023 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
