Paper Key : IRJ************023
Author: Nitish Kumar,Shubham Kumar Garg,Raushan Kumar
Date Published: 06 Nov 2024
Abstract
Blockchain technology, originally developed for cryptocurrencies, has extended its utility to various sectors, including supply chain management and healthcare. This paper explores how blockchain enhances transparency, security, and efficiency in these industries, solving critical issues such as counterfeiting, inefficiencies, and data fragmentation. Case studies like Walmart's Food Trust and the Medi Ledger Project demonstrate blockchain's transformative potential. However, challenges such as scalability, regulatory hurdles, and high implementation costs persist. This paper examines these applications and challenges while discussing the future prospects of blockchain in these fields.
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