Application of Block Chain Technology to Enhance Logistical and Supply Chain Operation in Chemical Industries |
Author(s): |
| Prem Singh Shekhawat , Mandsaur Institute Of Technology,Mandsaur.; Prof. Sanjeev Singh Chauhan, Mandsaur Intitute Of Technology,Mandsaur. |
Keywords: |
| Block Chain Technology, Cryptography, Timestamp, Ledger |
Abstract |
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The block chain is an array of blocks (units of data), that grows in a continuous manner .It is integrated with cryptography which links all the developing blocks in a securable manner. Each block has three fields which are cryptographic hash to the preceding block ,a timestamp and the data of the current block respectively .On the parameters of design it is insusceptible to any sort of alteration .It is like a smart ledger which is distributive in nature ,that records information and transactions in a transparent, verifiable and irreversible way. It is organized in peer to peer network that follows strict protocols. Retroactive alteration of data is next to impossible as it demands a major connivance. |
Other Details |
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Paper ID: IJSRDV6I30947 Published in: Volume : 6, Issue : 3 Publication Date: 01/06/2018 Page(s): 1770-1771 |
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