Blockchain Technology and Its Applications : A Systematic Review of the Literature

The BT can cause considerable changes in every aspect of human lives and might have a significant influence for the subsequent couple of decades. This technology changes the way as we are seeing processes of business and has transformed our existing economy. The BT is a peer-to-peer decentralized immutable public database technology that has changed management of various systems and was developed by Satoshi Nakamoto during the 2008 through the digital money or cryptocurrency called Bitcoin. The interest in BT has been growing since the thought was conceived in 2008. The motive for the concern in BT is its Decentralized and Distributed features that give security, anonymity, and data integrity with no intermediary agency on top of things of transactions. Blockchain is used more and more for registering, authenticating, and validating digital assets (Financial assets, land, etc.) and transactions, governing interactions, recording data, and managing IDs among multiple parties in a very trusted, decentralized, and secure manner. A term that every time arises when discussing about Blockchain is the Bitcoin, many peoples still confuse with Blockchain and Bitcoin; regardless, both are different. Bitcoin is simply one of the applications that uses BT. In this review paper, we describe concept of Blockchain, Applications, Advantages, Disadvantages of Blockchain