Blockchain for Business

14Blockchain Applications

Boby Singh*, Rohit Pahwa^†, Hari Om Tanwar^‡ and Nikita Gupta^§

MRIIRS, Faridabad, India

Abstract

A blockchain is an open record to which everybody approaches except without a central authority having control. It is an empowering innovation for people and organizations to work together with trust and straightforwardness. A standout among the other known better uses of blockchains is cryptographic monetary forms, for example, Bitcoin and others; however numerous different applications are conceivable. In this chapter, we will be discussing about the specific qualities every particular application in detail.

Keywords: Blockchain application, blockchain administration, blockchain in big data, digital verification, blockchain health, blockchain science, blockchain learning, blockchain government

14.1 Introduction to Blockchain

Blockchain which was originally Blockchain, is nothing but a collection of blocks connected to one another using cryptography holding up a hash value with contains all the necessary details, like the timestamp and the information about the transaction itself. It sure needs a data structure to design up that organization of data, so the data structure which is used to store the data is a tree, and Merkle tree to be specific. Also, it’s easy to connect all the blocks to one another using a tree (Figure 14.1).

Figure 14.1 Diagram of ...