A study on Blockchain enabled Applications and its Security Issues
Nilima D. Pai, Shaheen Mondal · 2019
Blockchain technology was first established because of its use in cryptocurrencies, but its applications are not limited just to this field. We have explored other fields like Finance, Auditing, Digital identity, Digital Voting and Healthcare where blockchain can be used to increase efficiency, and how it fares compared to the traditional systems. The paper compares the traditional and blockchain enabled systems based on parameters like privacy, data and application security, consensus algorithms and mining computations. However, like any other technology, this one too might have flaws which can be exploited. This paper also lists the security challenges that need to be kept in mind while implementing these systems.