Blockchain Beyond Cryptocurrency – Unlocking Decentralized Solutions Across Industries.
Mr. Deshmukh H.M.1 , Miss. Unde S.P.2 , Mrs. Puranik S.C.3 , Mr. Avhad G.T.4
1Student, Vishwabharti College of Engineering, Ahilyanagar Maharashtra, India
2Student, Vishwabharti College of Engineering, Ahilyanagar Maharashtra, India
3Asst.Prof. Vishwabharti College of Engineering, Ahilyanagar Maharashtra, India
4Asst. Prof. Vishwabharti College of Engineering, Ahilyanagar Maharashtra, India
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Abstract – The blockchain revolution, ignited by the cryptocurrency phenomenon, is rapidly transcending its financial origins, poised to redefine industries across the spectrum. This review paper plunges into the transformative power of blockchain technology, dissecting its expanding universe of applications beyond digital currencies. We unravel the core principles of decentralization, immutability, and transparency that fuel blockchain's potential to revolutionize data management and operational efficiency. A spotlight is cast on its burgeoning impact across diverse sectors, including supply chain fortification, the evolution of digital identity, healthcare innovation, intellectual property safeguarding, the reinvention of voting systems, and the rise of Decentralized Autonomous Organizations (DAOs). We navigate the challenges that lie ahead and chart the exciting future directions of this groundbreaking technology. This paper delivers a comprehensive exploration of "Blockchain Beyond Cryptocurrency," illuminating its capacity to forge a future defined by enhanced security, trust, and streamlined processes in countless real-world applications.
Key Words: Blockchain, Distributed Ledger Technology (DLT), Decentralization, Immutability, Transparency, Smart Contracts, Supply Chain, Digital Identity, Healthcare, Voting, Intellectual Property, Decentralized Autonomous Organizations (DAOs), Non-Fungible Tokens (NFTs), Review.
