A basic blockchain system is characterized as the ordered list for the used nodes and links where these nodes are entitled for storing information and chains connect these links. This technology mainly facilitates the development and management of the availability for the publicly available and required resources and ledger of transactions. This technology also supports the development of the cryptocurrency-based operation and performance evaluation for the technological management. This paper has analyzed different components of Blockchain concepts and evaluated the potential development, structural components, risks, applications within the present-day technological world.