Volume 31, Issue 2 (IJIEPR 2020)                   IJIEPR 2020, 31(2): 309-315 | Back to browse issues page


XML Print


1- 1Assistant Professor, Department of ECE, IFHE-FST, Hyderabad- 501203, India.
2- 2Assistant Professor, Department of CSE, SRKR Engineering College, Bhimavaram, India. , guptavkrao@srkrec.ac.in
Abstract:   (3578 Views)
Blockchain is a decentralized distributed network which allows peer-to-peer(P2P) communication among the users. As the name indicates, it deals with the group of records called blocks. We are in an era where both it is important to maintain the integrity of data as well as to fasten the process of the transaction. Blockchain helps in doing these by maintaining the timestamp on blocks and time required for a transaction can be reduced by eliminating the need of the third party during the process of the transaction. Bitcoin and Smart contract are the two major applications based on blockchain technology. Bitcoin is the first application which was developed on blockchain Technology and is a popularly known crypto-currency. Satoshi Nakamoto is the person who is behind the development of bitcoin [1]. Smart contract was defined by Szabo as " set of promises, specified in digital form, including protocols within which the parties perform on these promises [2]. This paper aims in bringing a detailed overview of blockchain and its applications followed by a case study on bitcoin.
Full-Text [PDF 549 kb]   (2743 Downloads)    
Type of Study: Research | Subject: Logistic & Apply Chain
Received: 2020/04/25 | Accepted: 2020/04/25 | Published: 2020/04/25

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.