Introduction to Blockchain |
Author(s): |
| Miss. Sakshi Ram Singh , Institute of Distance and Open Learning |
Keywords: |
| Blockchain Technology, Immutability, Centralized Databases, Data Management, Transactions, Decentralized System |
Abstract |
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Blockchain technology has emerged as a revolutionary concept, transforming various industries by providing a secure, transparent, and decentralized way to record transactions and manage data. This paper explores the fundamental principles of blockchain, delving into its origins, structure, and applications. Beginning with the concept of decentralized ledgers and cryptographic hashing, the paper elucidates the process of creating blocks and forming a chain through consensus algorithms. The document also highlights the immutability and transparency of blockchain, showcasing its potential to reshape traditional systems, such as finance, supply chain, healthcare, and more. By eliminating the need for intermediaries and ensuring data integrity, blockchain technology stands poised to redefine the way we conduct transactions and establish trust in the digital age. |
Other Details |
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Paper ID: IJSRDV12I60005 Published in: Volume : 12, Issue : 6 Publication Date: 01/09/2024 Page(s): 4-6 |
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