Block Chain Technology and Business Practices: A General Owerview

Today, the development and widespread use of technology has brought about many structural changes. In the pioneer of the development of the Internet network and the software architecture, a decentralized environment can be created with the principle of peer to peer communication. In this sense, we can talk about a new technology that has a distributed system structure and cryptographic data that provides communication between peers without a specific center. In fact, similar implementations have emerged in the past, but blockchain technology has done it differently.In particular, the widespread use of cryptographic money has changed the perspective of financial systems. In this study, the basic working logic of the block chain is explained.The application examples of the block chain are presented and the missing aspects of the block chain from various angles and possible future problems are addressed