Solving security and privacy issues in IoT using blockchain
Priya Shuchi, Deep Anurag · 2025
A Blockchain is an public ledger and a distributed database of records of all transactions that have been shared and executed among participating parties. Each transcation is verified by the participants participating in the consensus. And once the information entered in the block can not be altered. Every single transaction&s;s record is contained by the Blockchain. Bitcoin, the digital currency, which is the de-centralized, peer-to-peer connection, uses Blockchain technology. The Blockchain has successfully made its path in financial and non-financial world as well. The main idea behind the working of Blockchain is that in digital online world it creates a distributed consensus. In Blockchain the participating entities knows that the irreversible records has been created in a public ledger. It opens the path for the Centralized one digital economy to use the decentralized one. There are tremendous opportunities in health, financial, public and private sectors as well. This paper describes the Blockchain technology and its application in the financial and as as in the non-financial sector as well. We than look ahead what are the challenges of using the Blockchain technology.