Conceptual Insights in Blockchain Technology: Security and Applications

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Author(s): Anup Bihari Gaurav (Maulana Azad National Institute of Technology, India), Pushpendra Kumar (Maulana Azad National Institute of Technology, India), Vinod Kumar (Madanapalli Institute of Technology and Science, India)and Ramjeevan Singh Thakur (Maulana Azad National Institute of Technology, India)
Copyright: 2023
Pages: 11
Source title: Research Anthology on Convergence of Blockchain, Internet of Things, and Security
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-7132-6.ch046

Keywords: Cyber and Network Security / Information Science Reference / Information Security & Privacy / Security & Forensics

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Abstract

The global popularity of digital cryptocurrencies and research in a decentralized system have led to the foundation of blockchain, which is fundamentally a public digital ledger to share information in a trustworthy and secure way. The concept and applications of blockchain have now spread from cryptocurrencies to various other domains, including business process management, smart contracts, IoT, and so on. Cryptocurrency is a mechanism designed to work for the online secure payments system using cryptography. Cryptography maintains confidentiality, integrity, and authentication. Cryptocurrency has come as a novel way of making payments that keep all the transactions secure and safe, which avoids any type of intermediaries such as a bank. This chapter will shed light on the concept of blockchain technology, security, and its applications in various domains.

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Conceptual Insights in Blockchain Technology: Security and Applications

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