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Efficient and secured transactions of data in crucial network using block-chain technology
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| Author:
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A. ATHREYA, ASHWIN A. KUMAR, S.M. NAGARAJATH, H.L. GURURAJ, V. RAVI KUMAR, K. RAKESH, D.N. SACHIN
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| Abstract:
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The data transacted is to be safe and should not be traceable or identifiable. This is done by putting the data into a blockchain which provides security to data. Blockchain is a growing list of records called blocks, that are linked using cryptography. It is a decentralized, distributed and an immutable ledger to store digital transactions. Its databases are managed using peer-to-peer network where all the nodes in a network are equal and is the major concern in the types of network architecture. The decentralization of blockchain means that it won’t depend on a central point of control. With a lack of single authority, which makes the system equitable and more secure to validate transactions and to record data which makes it incorruptible. It uses consensus protocol which is a set of rules that describes the communication and transmission of data between nodes, to transact securely with other users without relying on the central authority. In this paper, we have proposed an innovative and efficient way of adopting pets using Blockchain technology, the adoption of pets and its payment method is made more easier and assures high security to data. Many approaches are made to the application but the approach using decentralized system is not used and it provides a new dimension to the application.
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| Keyword:
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Blockchain, Decentralized, Distributed, Peer-to-Peer Network, Smart Contracts.
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| EOI:
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| DOI:
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| Download:
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