International Journal of Innovative Research in Engineering and Management
Year: 2021, Volume: 9, Issue: 6
First page : ( 127) Last page : ( 130)
Online ISSN : 2350-0557.
DOI: 10.55524/ijircst.2021.9.6.29 |
DOI URL: https://doi.org/10.55524/ijircst.2021.9.6.29
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)
Article Tools: Print the Abstract | Indexing metadata | How to cite item | Email this article | Post a Comment
Mrinal Paliwal , Pankaj Saraswat
Blockchain is a decentralized technology. When it comes to resolving business issues, it wields considerable power. Every transaction on the blockchain is encrypted, and each transaction is linked to a previous transaction or record. Blockchain transactions are validated by algorithms running on nodes. A single entity cannot start a transaction. Eventually, blockchain provides transparency by allowing any participant to view transactions at any moment. Smart contracts provide secure transactions, minimizing the risk of third-party interruptions. Ethereum is a decentralized platform based on smart contracts. It enables developers to create markets that transfer money according to the instructions given years ago. Blockchain is distinguished by two key characteristics: immutability and decentralization. Deals are completed faster; Transactions and authentication are completed in a matter of seconds, and much more.
[1]. Gatteschi V, Lamberti F, Demartini C, Pranteda C, Santamaria V. To Blockchain or Not to Blockchain: That Is the Question. IT Prof. 2018;
[2]. Zheng Z, Xie S, Dai HN, Chen X, Wang H. Blockchain challenges and opportunities: A survey. Int J Web Grid Serv. 2018;
[3]. Reyna A, Martín C, Chen J, Soler E, Díaz M. On blockchain and its integration with IoT. Challenges and opportunities. Futur Gener Comput Syst. 2018;
[4]. Kuo TT, Kim HE, Ohno-Machado L. Blockchain distributed ledger technologies for biomedical and health care applications. Journal of the American Medical Informatics Association. 2017.
[5]. Wu J, Tran NK. Application of blockchain technology in sustainable energy systems: An overview. Sustain. 2018;
[6]. network-comparison.
[7]. Fan K, Ren Y, Yan Z. on Blockchain. 2018 IEEE Int Conf Internet Things IEEE Green Comput Commun IEEE Cyber, Phys Soc Comput IEEE Smart Data. 2018;
[8]. Gatteschi V, Lamberti F, Demartini C, Pranteda C, Santamaría V. Blockchain and smart contracts for insurance: Is the technology mature enough? Futur Internet. 2018;
[9]. Atlam HF, Alenezi A, Alassafi MO, Wills GB. Blockchain with Internet of Things: Benefits, challenges, and future directions. Int J Intell Syst Appl. 2018;
[10].Yli-Huumo J, Ko D, Choi S, Park S, Smolander K. Where is current research on Blockchain technology? - A systematic review. PLoS One. 2016;
[11]. Hawlitschek F, Notheisen B, Teubner T. The limits of trust-free systems: A literature review on blockchain technology and trust in the sharing economy. Electron Commer Res Appl. 2018;
Sanskriti University, Mathura, Uttar Pradesh, India (mrinalpaliwal.cse@sanskriti.edu.in)
No. of Downloads: 34 | No. of Views: 1069
Shivaraj Yanamandram Kuppuraju, Sharad Shyam Ojha, Mrinal Kumar.
March 2025 - Vol 13, Issue 2
Shiva Kiran Lingishetty, Chandrashekhar Moharir, Mrinal Kumar.
March 2025 - Vol 13, Issue 2
Prasanna Sankaran, Shiva Kiran Lingishetty, Mrinal Kumar.
March 2025 - Vol 13, Issue 2