International Journal of Knowledge Based Computer System

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Intramural Analysis of Blockchain


Affiliations
1 Department of CSE, MVGR College of Engineering, Vizianagaram, Andhra Pradesh, India
2 Department of CSE, Vishnu Institute of Technology, Bhimavaram, Andhra Pradesh, India
     

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Today blockchain technology is gaining a lot of mainstream attention and is already used in a variety of applications, not limited to cryptocurrencies. blockchain is a decentralized database system which is the collection of blocks of data. Databases exist before blockchain limited only with the data storage and not providing any security features. These databases are maintained under a trusted third party where it acts as a central server as well as a repository that stores entire data of that particular network. This centralized system has replaced by blockchain technology where every node of the connected network maintained a ledger of transactions. This article gives a clear schematic view of blockchain architecture and its contents in detail. It also extends the preliminaries associated with blockchain technology such as hashing, smart-contracts. Also, the authors proposed the influence of the Internet of Things along with blockchain technology in several domains where the blockchain can be indulged to associate the data with evading any tampering from outside sources like supply chain management, etc.

Keywords

Blockchain, Hash Function, Hashing, Proof Of Work (PoW), Smart-Contracts.
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  • Intramural Analysis of Blockchain

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Authors

Prathyusha Kanakam
Department of CSE, MVGR College of Engineering, Vizianagaram, Andhra Pradesh, India
Raghu Varma Edarapalli
Department of CSE, MVGR College of Engineering, Vizianagaram, Andhra Pradesh, India
Shaik Mahaboob Hussain
Department of CSE, Vishnu Institute of Technology, Bhimavaram, Andhra Pradesh, India

Abstract


Today blockchain technology is gaining a lot of mainstream attention and is already used in a variety of applications, not limited to cryptocurrencies. blockchain is a decentralized database system which is the collection of blocks of data. Databases exist before blockchain limited only with the data storage and not providing any security features. These databases are maintained under a trusted third party where it acts as a central server as well as a repository that stores entire data of that particular network. This centralized system has replaced by blockchain technology where every node of the connected network maintained a ledger of transactions. This article gives a clear schematic view of blockchain architecture and its contents in detail. It also extends the preliminaries associated with blockchain technology such as hashing, smart-contracts. Also, the authors proposed the influence of the Internet of Things along with blockchain technology in several domains where the blockchain can be indulged to associate the data with evading any tampering from outside sources like supply chain management, etc.

Keywords


Blockchain, Hash Function, Hashing, Proof Of Work (PoW), Smart-Contracts.

References