Business Intelligence and Blockchain in Entrepreneurship

Abstract

By 2027, the blockchain market will have a valuation of 163 billion US dollars. In fact, a firm may find it too much to comprehend and use the technology that has taken off. Blockchain is a distributed database that is shared by multiple system nodes. The reason it is named Blockchain is that it gathers data in encrypted blocks that are connected to other sets of blocks to create a virtual chain. The development of numerous cryptocurrencies, dApp monetization smart personal contracts, decentralized finance apps (Defi), and non-fungible tokens (NFTs) preceded general adoption of the blockchain concept. blockchain technology (BT) is digital money, which increases in value every hour by a factor of bigger than its previous worth. Even though blockchain's widespread appeal has been confined to its role in the development of Bitcoin and other cryptocurrencies, a number of other applications are currently being developed steadily. This demonstrates the promise of decentralized technology and the undeniable influence of blockchain on business across many industries.