Blockchain Applications and What’s Next

Blockchain technology is evolving rapidly, and it will continue to affect the way we conduct our day-to-day business as new developments emerge. It has challenged existing business models and promised great benefits, such as cost-saving, efficiency, and transparency. So far in this book, we’ve explored the technical underpinnings of blockchain technology, such as cryptography, consensus mechanisms, and distributed systems concepts.

This chapter will explore some use cases and applications of blockchain technology in the Internet of Things (IoT) and the finance, government, and media sectors, and we will learn how blockchain technology can address challenges in these industries and others. Moreover, we’ll learn about the latest developments, emerging trends, issues, and future predictions related to blockchain technology. We’ll also present some topics related to open research problems and improvements to blockchain...