A Pervasive Review of Blockchain Technology and Its Potential Applications
Yusuf Perwej · 2018
In today’s digital age, a sizable data handling is a foremost concern topic for researchers. The several applications like big data, data analysis, Image processing, data mining are required processing of large amount of data. The Blockchain is a distributed ledger technology that stores information across various systems securely to enable peer-to-peer transactions by creating a reliable source of truth dig out mediating the so-called intermediaries of trust. A Blockchain is a technology for constructing distinguished types of distributed databases composed of unswerving blocks of data, each containing a list of transactions and a peerless reference to its predecessor block. The Blockchain based applications are springing up, covering a lot of fields, including reputation system, Internet of Things (IoT,) big data, and financial services, and so on. This technique is a shared, distributed ledger that makes easier the process of recording transactions and tracking assets in a business network. In this paper, we aimed to demonstrate a close-up view about Blockchain technology. We also provide an overview of Blockchain architecture, differentiate different Block chain and how Blockchain works. With the swiftness of its growth and development, we trust that Blockchain will soon become a very common and prominent phenomenon.