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Content-Based Transaction Access From Distributed Ledger of Blockchain Using Average Hash Technique
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Author(s): Randhir Kumar (National Institute of Technology, Raipur, India)and Rakesh Tripathi (National Institute of Technology, Raipur, India)
Copyright: 2021
Pages: 17
Source title:
Opportunities and Challenges for Blockchain Technology in Autonomous Vehicles
Source Author(s)/Editor(s): Amit Kumar Tyagi (Research Division of Advanced Data Science, Vellore Institute of Technolgy, Chennai, India), Gillala Rekha (K. L. University, India)and N. Sreenath (Pondicherry Engineering College, India)
DOI: 10.4018/978-1-7998-3295-9.ch003
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Abstract
There are many critical applications working with blockchain-based technology including the financial sector, healthcare, and supply chain management. The fundamental application of blockchain is Bitcoin, which was primarily designed for the financial value transfer. Owing to the feature of decentralized storage structure, immutability, integrity, availability, and reliability of transactions, the blockchain has become the need of the current industry like VANET. However, presently, not much work has been done in order to mitigate the redundancy in the distributed ledger. Hence, the authors arrive at the intelligible conclusion to detect a similar transaction that can mitigate the redundancy of transaction in a distributed ledger. In this chapter, they are addressing two main challenges in blockchain technology: firstly, how to minimize the storage size of blockchain distributed ledger and, secondly, detecting the similar transaction in the distributed ledger to mitigate the redundancy. To detect similar transaction from the distributed ledger they have applied the average hash technique.
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