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JAIT 2023 Vol.14(4): 718-728
doi: 10.12720/jait.14.4.718-728

Demystifying Blockchain: A Critical Analysis of Application Characteristics in Different Domains

Vedika Jorika 1,2,* and Nagaratna Medishetty 2
1. Department of Computer Science and Engineering, Sumathi Reddy Institute of Technology for Women, Warangal, Telangana, India
2. Department of Computer Science and Engineering, Jawaharlal Nehru Technological University Hyderabad, Hyderabad, Telangana, India; Email: mratnajntu@jntuh.ac.in (N.M.)
*Correspondence: v.jorika@gmail.com (V.J.)

Manuscript received October 10, 2022; revised November 23, 2022, accepted December 9, 2022; published July 26, 2023.

Abstract—Different vertical domains have gained popularity in integrating Blockchain technology with their existing applications, because of its numerous benefits like immutable, transparency, privacy, persistence, and security. Blockchain technology is used in various circumstances, allows the applications to achieve higher security, improved traceability, and transparency. This paper reviewed most of the applications related to the different domains and the number of criteria met by each application in each domain requirement. This paper examines the advantages, disadvantages, and limitations of implementing the Blockchain in various applications in different domains. Furthermore, this paper describes the prerequisites for deploying Blockchain across multiple application fields.
 
Keywords—blockchain, application characteristics, vertical domains, security

Cite: Vedika Jorika and Nagaratna Medishetty, "Demystifying Blockchain: A Critical Analysis of Application Characteristics in Different Domains," Journal of Advances in Information Technology, Vol. 14, No. 4, pp. 718-728, 2023.

Copyright © 2023 by the authors. This is an open access article distributed under the Creative Commons Attribution License (CC BY-NC-ND 4.0), which permits use, distribution and reproduction in any medium, provided that the article is properly cited, the use is non-commercial and no modifications or adaptations are made.