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Beyond Cryptocurrencies: A Review of Blockchain Technology for E-Services in Developing Countries
Abstract
Blockchain technology is the leading and revolutionary technology in this modern era of computing. Many countries around the world are diverting towards digital currency which is the initial popular service provided by blockchain technology e.g., Bitcoin, Litecoin, etc. The main feature of blockchain is to omit the central authority by introducing distributed ledger structures. The consensus protocols play a vital role in the performance and efficiency of blockchain-based frameworks. This study introduces the solution of different e-services and associated problems that are faced in developing countries for making the system transparent, smart, and secure. These features make Web 3.0 applications, which is the ultimate goal of blockchain-based technology. This study also explains the numerous aspects of blockchain-based e-services infrastructure, implementation issues, advantages, disadvantages, and challenges. This study may help practitioners for making smart, intelligent, highly secure, and robust applications even in developing countries.
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