• Dr. Ramesh babu Purimitla

Blockchain Technology is considered as one of the technological revolutions after the internet technology. The ideablockchain is a decentralized, secure and transparent ledger distributed among users and it can be relevant to many different fields. It has the potential to revolutionize the digital world by enabling a distributed consensus where each and every transaction in the blockchain technology of past and present involving digital assets and that can be verified at any time in the future. This paper covers significance and use of blockchain technology and limitations of the technology. The paper provides various applications of blockchain technology in insurance, banking, marketing and non financial sectors. The findings of the study are applications of block chain are seen as a solution that has been developed, such as Internet of things (IoT), smart contracts, smart properties, digital content distribution and P2P broadcast protocols. Finally; a concluding section presents some overall remarks and potential use of customers through blockchain development.

Blockchain technology, Cryptography, Insurance and banking, challenges

"Blackchain Technology: Its Importance, Implementation and Impact on Customer Experience", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.677-680, February-2019, Available :http://www.jetir.org/papers/JETIRAB06128.pdf

"Blackchain Technology: Its Importance, Implementation and Impact on Customer Experience", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp677-680, February-2019, Available at : http://www.jetir.org/papers/JETIRAB06128.pdf