Impact and Use of Blockchain Technologies in Organizations

Abstract

Blockchain consists of emerging technologies such as IT infrastructure, cloud computing, security, peer-to-peer network, and cryptographic keys. The major objective of the chapter is to demystify the technologies which are supporting the blockchain applications. The IT infrastructure enhances the blockchains by coordinating and maintaining the infrastructure to work on the security and cloud storage. The blockchain can be termed as a concept which is more secure among the relevant technologies. But still there exists the chance of an attack. The security is often implemented in the network of blockchain. This security prevents the risk of cyber-attacks and fraud practices in the network. Peer-to-peer is known as a type of computer network which is frequency implemented for the digital media file distribution. In this peer-to-peer network each node would be acting as a server as well as a client by receiving and supplying the files.