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IMPACT OF BLOCKCHAIN TECHNOLOGY ON BUSINESS ENVIRONMENT

Authors

R. Venkateshwari
1. Department of Commerce, V.O. Chidambaram College, Commerce, Thoothukudi, Tamil Nadu

Abstract

This article explores the key aspect of the impact of blockchain technologies on the business environment. In this modern economy, the blockchain has a massive growth in business. Using the blockchain technology the data can be transferred easily from one device to another without any fraud, tempering or hacking. Trust among the parties, scalability of transaction, fraud detection, transparency can be highly ensured in this technology. Blockchain technology has been evolved as an important factor for business for a reliable and explicit transaction. Multiple works can be done within a fraction of seconds. There are various nodes and blocks to store and transmit the data securely.

Keywords

Blockchain technology, Digital Transactions, Data Security, Transparency, Fraud Detection, Scalability.

How to Cite:

R. Venkateshwari , IMPACT OF BLOCKCHAIN TECHNOLOGY ON BUSINESS ENVIRONMENT , Volume 11 , Issue 3, march 2025, EPRA International Journal of Multidisciplinary Research (IJMR) ,