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A blockchain is a distributed, decentralised database of records of digital events (transactions) that took place and were shared among the participating parties. Each transaction in the public ledger is verified by consensus of a majority of the participants in the system. Bitcoin may not be that important in the future, but blockchain technology's role in Financial and Non-financial world can't be undermined. In this paper, we provide a holistic view of how Blockchain technology works, its strength and weaknesses, and its role to change the way the business happens today and tomorrow.
Patel et al. (Sun,) studied this question.