Using Blockchain-based approach for building the system events logging service

Abstract

Abstract The article deals with Blockchain technology, namely with its aspect of forming distributed registries. It serves as the platform for creating and storing corporate information resources which need higher protection. A lot of marketing uproar on cryptocurrency is feeding the interest in employing this technology for to enable cryptocurrency operation. But not only this factor explains the technology success. Blockchain technology also favorably compares to classic centralized registries and databases. The article describes the journaling service of data computing processes and events system, both based on the Blockchain technology. We display all the advantages of the existing Blockchain types for developing corporate journaling systems. And we also show the use of such a system for medium and large organizations, allowing for their computational capabilities and potential for scaling and developing such a system.