Block-Chain: An Evolving Technology

Abstract

Now a days, the people are attracting towards the digital currency due to demonetization, rapidly changing world, and global payment options etc. The industries are looking for such a technology which works in digital currency environments with the account
of all the transactions. In this paper, we have discussed Blockchain technology, an evolving technology, which provides an assistance
to the industries in digital currency environment with the record of each transaction. We have discuss the various types of blockchain with the core concept of hashing algorithm. We have discussed the application of blockchain in different industries and how
it can make the significant impact on the business. The paper also focuses on the challenges of blockchain which are required to
address before implementation. Therefore, this paper provides an insight on the blockchain technology with the fear and smile of
beginning of new era of transparency.