Abstract

Blockchain technology has extended beyond its initial role as the infrastructure for cryptocurrencies to transform various industries with its decentralized and transparent ledger system. This paper examines the broad spectrum of blockchain applications beyond cryptocurrency. It explores its potential to innovate and drive change across finance, supply chain management, healthcare, real estate, and voting systems. We review recent literature, detail specific use cases, and discuss blockchain's challenges and opportunities, aiming to provide a comprehensive overview of its transformative impact. Integrating emerging technologies, scalability, regulatory considerations, and energy consumption are critical challenges to its adoption. Our findings underscore the need for continued research and multi-stakeholder collaboration to harness blockchain's capabilities for innovation and decentralization in contemporary systems.

Recommended Citation

Azhar, Hassan (2024) "Expanding the Horizon: Blockchain Technology Beyond the Bounds of Cryptocurrency," SMU Data Science Review: Vol. 8: No. 1, Article 2.
Available at: https://scholar.smu.edu/datasciencereview/vol8/iss1/2