Understanding Blockchain and its applications

Blockchain is an emerging technology in the modern world to deal with a wide set of challenges pertaining to security, immutability and transparency. At the other end, it is essential to amalgamate the features of blockchain with other domains such as IoT , cyber security, cloud environment etc. to extract more reliable outcomes. Various applications like smart home, smart agriculture, smart wearable's, smart automobiles etc. all use the emerging blockchain technology integrated with IoT to store and secure data. There is a need to strengthen the security aspects to overcome unprecedented loss of confidential information. Various real-time scenarios are also presented to gain a thorough understanding of the need to integrate multiple technologies in a safe and secure manner. The work can be extended further by considering various parameters such as authentications, non-repudiation, increased throughput and better response times for increased number of connected devices.