Blockchain for Business

1Introduction to Blockchain

Akshay Mudgal

GD Goenka University, Sohna, Gurugram, India

Abstract

Since its origin, the blockchain innovation has demonstrated promising application possibilities. From the initial crypto-currency to the current shrewd agreement, blockchain has been applied to numerous fields. In spite of the fact that there are a few investigations on the security and protection issues of blockchain, there comes up short on an efficient assessment on the security of blockchain system. Blockchain, as a decentralized and distributed open record technology in distributed system, has gotten significant consideration recently. It applies a connected square structure to check and store information, and applies the believed agreement instrument to synchronize changes in information, which makes it conceivable to make a sealed advanced stage for putting and sharing information. It is accepted that blockchain can be applied to differing Internet intelligent frameworks (e.g., Internet of Things, flexibly chain frameworks, human identity management and so on). In any case, there are some security challenges that may obstruct the wide utilization of blockchain. For all such in this chapter the broader aspects of privacy issues, decentralisation and regulatory challenges will be parleyed, whereas business models in association with blockchain will also be taken care off with a keen focus on security and privacy aspects of the blockchain.

Keywords: Blockchain, security, privacy, ...