The Future Impact of Blockchain Technology using Decentralization Networks

Abstract

In the last decade, Blockchain played a huge role in the real-time life of the financial world and it's going to be the next generation of the Internet. It has its powerful tools where the technologies are mutually distributed into various applications ranging from cryptocurrency, internet of things (IoT) and financial services, etc. The most important thing about Blockchain technologies is decentralization and persistence. Even though this technology has many benefits this is not focused clearly on all perspectives still there is confusion between Blockchain and Bitcoin technology. Moreover, this paper points out the future benefits of blockchain technology and the difference between the two with the enhancement of the smart contract.