Applications of Blockchain Technology by Arvind Mewada (.ePUB)+

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File Size: 17.6 MB

Applications of Blockchain Technology by Arvind Mewada, Nagendra Singh, Mohd. Aquib Ansari, Amrendra Singh Yadav
Requirements: .ePUB, .PDF reader, 17.6 MB
Overview: This book explores the transformative potential of blockchain technology and shows how blockchain can promote equitable access to resources and bridge societal gaps. It examines blockchain’s role in enhancing transparency, security, and decentralisation across various sectors and in society. The book addresses both the advancements and challenges of blockchain, providing practical use cases to understand the opportunities, limitations, and innovative applications of blockchain, envisioning a future where this technology drives significant societal change. Blockchain is a distributed ledger technology that enables decentralised data storage across several computers (nodes). Blockchain comprises a block’s series, and each block plays the role of a public ledger, having a list of transactions, a timestamp, and a link to the block before it. Because of this structure, it is very difficult to change the data without also changing all of the blocks that come after it, which would require agreement from most of the network. Since a network of nodes uses a consensus method to validate and record transactions, the decentralised nature of blockchain eliminates the need for central authority. This decentralisation guarantees the security, integrity, and transparency of the data recorded on the blockchain when combined with cryptographic methods. In the modern age, symmetric ciphers such as Data Encryption Standard (DES) and Advanced Encryption Standard (AES) were designed by deploying fiestel and substitution-permutation networks, respectively.
Genre: Non-Fiction > Tech & Devices

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