Blockchain Technology: A Paradigm Shift in Digital Trust and Decentralization

Abstract

Blockchain technology has redefined the paradigms of digital interaction and trust by introducing a decentralized and tamper-proof data structure. Originally conceived as the foundational framework for Bitcoin, it has rapidly expanded into diverse sectors including finance, healthcare, supply chain, and public governance. This paper explores the core architecture of blockchain, assesses its multidisciplinary applications, and critically evaluates its limitations. The study also provides insights into ongoing innovations and future directions for the evolution of blockchain systems.