Modelling Of Blockchain Technology

Abstract

Blockchain technology has been used in a variety of non-financial industries, including commerce, healthcare, and other fields. With the use of this technology, a decentralized environment free from the control of outside societies over data and transactions can be found. In essence, blockchain is a novel technology that has the potential to revolutionize future transaction-based transactions. Cross-border trade has traditionally been supported by financial tools. Blockchain technology has been implemented to develop trade finance processes. In the trade of tenants, anxiety reduction, payments, and financial solutions are essentially viewed as a storm to be optimized. This study looks at how the invention of Bitcoin has aided in the development of blockchain technology. The cryptocurrency is still in its infancy. Blockchain technology has been used to build an easy-to-use digital economy. The characteristics, benefits, and drawbacks of blockchain technology are examined thoroughly in this study article. It also examines how this technology is integrated with the development of trade finance and cryptocurrencies.