Open AccessMethodize of Block Chain Technology
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.b1112.1292s219
Subject(s) - blockchain , computer security , cryptocurrency , database transaction , government (linguistics) , computer science , cryptography , authentication (law) , scope (computer science) , business , block (permutation group theory) , commerce , internet privacy , database , philosophy , linguistics , geometry , mathematics , programming language
A blockchain is a collection of records with cryptography. All records or exchanging information are checked by all members. Once enter the information’s into the blockchain record means, it will be never changed or deleted. Distributed and Peer authentication technology is used in blockchain technology. A blockchain is maintaining a record in decentralized with high secure manner, so all users are easily accessed. Blockchain technology is mainly used in financial sectors and banking sectors. This new technology mainly used in IoT, Gaming and entertainment sector, Government Public services, online fund transformation, etc. In today world, blockchain technology mainly used exchanging the documents and money. In blockchain technology is based on the bit coin money transaction. This bit of coin technology will be reducing the intermediate of the money transformation. The main scope of the blockchain technology is both money related and non-financial world.