Blockchain technology: Trending upward

Abstract

Blockchain technology has slowly become a more and more popular term being tossed around in the technological world. It is a very versatile area of technology that has yet to be used to its full potential. Despite its complexity and it's relatively short thirty years of existence, it has made quite the impact on a multitude of unexpected areas, including banking, produce, and many more. It is without a doubt impressive how much impact this technology has had on the world today. But, as time goes on, can this technology continue to grow, and can it realistically be used on a larger scale?

This is exactly the question this thesis attempts to answer. In order to do so, this writing will first discuss the basics of blockchain and its functionality, and will get the reader up to speed on how it works. The writing will then move into the real world uses of this technology, and discuss how entities such as Bitcoin and Walmart use this technology in their day-to-day operations and transactions. Next, the experiment that was done in response to the question at hand will be discussed in detail, including the development and problems involved. After the experiment is discussed, the results will be reviewed and analyzed. Finally, a conclusion and answer to the question will be given at the finish.