Blockchain technology offers new methods of organising economic activity, lowers the price and time of using intermediaries, and boosts the confidence of an ecosystem of participants.The influence of this technology is shown by a forthcoming research stream and several companies that investigate the possible applications of blockchain technology.Although blockchain is now mostly recognised as the technology that powers cryptocurrencies like Bitcoin, it will most certainly grow to be an even more significant tool for facilitating business and social interactions.Admitting this new technology has some intriguing applications, research and practise are still in their infancy with regard to changing current business models and developing new ones. This study would provide a succinct overview of the key literature on blockchain, its uses, and innovation, among other topics, suggesting that brand-new solutions are one of the factors driving business model innovation. Furthermore, provides an overview of several blockchain technologies and their commercial uses, demonstrating how they may upend established business paradigms.
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