Blockchain and its dimensions: Future Security
Article No.: 49, Pages 1 - 4
Abstract
Blockchain is an immutable ledger that records transactions and tracks assets in a business network. The asset can be tangible (a house, cash,etc.) or intangible (intellectual property, patents, branding). Blocks of information are connected in a "chain" to create blockchains. Depending on the type of blockchain, blocks can store different types of data, such as the sender and receiver when exchanging Bitcoin. Blockchain can be used to create trust and transparency for your data. It increases the security, efficiency and traceability of data shared across a business network. Blockchain is a decentralized system of data sharing that cannot be altered. These records are immutable and confirmed to be correct by an independent authority. Blockchain, an enterprising idea, is now being applied in the real estate industry. Governments and healthcare industries are now leveraging this technology to make their contracts smarter.
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Published In
December 2022
749 pages
ISBN:9781450399937
DOI:10.1145/3590837
Copyright © 2022 ACM.
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Publication History
Published: 30 May 2023
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ICIMMI 2022
ICIMMI 2022: International Conference on Information Management & Machine Intelligence
December 23 - 24, 2022
Jaipur, India
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