Blockchain uses distributed technology to save and deal with data at different locations. Due to the data set’s easy accessibility for all users, it delivers a transparent and safe system thanks to its distributed structure. Bitcoin blockchain-based apps have gained popularity because to its reliability, toughness, and efficiency. As a result, the blockchain is made accessible to huge populations. The blockchain has a variety of downsides that vary depending on the application, despite being the technology of the future. This study evaluated the effectiveness of several block chains in various applications. This system’s benefits and drawbacks, which are compared carefully, are described as the “future technology.”

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An Overview of Challenges of Implementation of Blockchain Technology in Various Applications of Energy Domain

  • M. S. Nidhya,
  • Chetan Chaudhary,
  • Kunal Sharma,
  • Ratish Sharma,
  • Noor Aina Amirah

摘要

Blockchain uses distributed technology to save and deal with data at different locations. Due to the data set’s easy accessibility for all users, it delivers a transparent and safe system thanks to its distributed structure. Bitcoin blockchain-based apps have gained popularity because to its reliability, toughness, and efficiency. As a result, the blockchain is made accessible to huge populations. The blockchain has a variety of downsides that vary depending on the application, despite being the technology of the future. This study evaluated the effectiveness of several block chains in various applications. This system’s benefits and drawbacks, which are compared carefully, are described as the “future technology.”