Blockchain Technology

Abstract

Blockchain is an emerging technology and has gained trust in the world of tech in no time. Data is the most important asset for any organization or institute as it holds the base of all information. Every now and then, cases of data leaking, piracy, and stealing could be found in many companies, businesses, industries, and markets ruining the database and causing hindrance to growth. This is where blockchain acts as a savior for these business and industrial organizations by protecting their data and transactions. Blockchain is a method of recording and handling data that makes it tough for the system to be altered, hacked, or manipulated by illegal sources. “Block” of public or the “chain” is the assembly that keeps transactional records which is connected by peer-to-peer nodes. This storage is also known as a “digital ledger.” It can be defined as a distributed ledger that replicates and allocates the transactions across the network of computers contributing to the blockchain.