Master of Science in Computer Science
Faculty / School
Faculty of Computer Sciences (FCS)
Department of Computer Science
Date of Submission
Dr. Imran Khan, Professor, Department of Computer Science, Institute of Business Administration (IBA), Karachi
MSCS Survey Report
In the last decade there are some breakthrough researches which are emerging as key frameworks for future technologies and Blockchain is one of those. Adopting a new technology is always a challenge. Some of the early implementations/applications of Blockchain based projects prove to be effective for the commercial world. The implementations bring forth some of the key questions which needs to be addressed for its successful implementation and adoption of this technology, such as why there is a need for blockchain, what are the existing problem and challenges that blockchain is solving for us, why we must adopt this technology, why not any other technology and for what purposes. In order to answer these questions a thorough research has been conducted and presented in this paper. The research will act as a catalyst for the implementation of Blockchain technology in a cost efficient and time efficient manner. One of the key achievements of Blockchain technology is the improvement in the traditional processes.
This paper talks about the blockchain technology , its uses and its application in the field of Information Technology, how the technology is transforming this industry and many other domains that are being benefited by adoption of blockchain technology, though there are some challenges and issues which are also discussed in the paper , due to those challenges, in some cases people are reluctant to adopt but like-wise a great many people and organization has started to adopt this lucrative technology to revolutionaries the Process to have better yielding in their business , saving large amount of their spending , atomizing the long procedures , that results in quick completion of a process without extra spending and saving more time, also since blockchain is decentralized ledger , it omits the need of intermediary as a authenticator from between as, where two parties are doing business, domains like Agricultural and Food Industries are getting benefitted greatly in terms of better mechanism for keeping track records.
Imtiaz, Muhammad A.. "Survey for challenges & issues for blockchain technology and its applications in terms of transforming the field of information technology." Unpublished graduate research project. Institute of Business Administration. 2019. https://ir.iba.edu.pk/research-projects-mscs/15
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