Blockchain technology research and application: a systematic literature review and future trends

Abstract

Blockchain, as the basis for cryptocurrencies, has received extensive attentions recently. Blockchain serves as an immutable distributed ledger technology which allows transactions to be carried out credibly in a decentralized environment. Blockchain-based applications are springing up, covering numerous fields including financial services, reputation system and Internet of Things (IoT), and so on. However, there are still many challenges of blockchain technology such as scalability, security and other issues waiting to be overcome. This article provides a comprehensive overview of blockchain technology and its applications. We begin with a summary of the development of blockchain, and then give an overview of the blockchain architecture and a systematic review of the research and application of blockchain technology in different fields from the perspective of academic research and industry technology. Furthermore, technical challenges and recent developments are also briefly listed. We also looked at the possible future trends of blockchain