Smart City Infrastructure

9A Review of Blockchain Technology

Er. Aarti

Dept. of Computer Science and Engineering, LPU, Punjab, India

Abstract

Blockchain has much more to it than just cryptocurrencies because of its flexible nature. It is one of the most imaginative advances and troublesome too, which is the central perpetual, decentralized, ledger of records. Undoubtedly, it is a revolution in systems of record. As blockchain innovation re-architects our digital framework, it additionally reformulates the security condition and also promises to revolutionize the management of smart cities. They can have a large number of users everywhere throughout the world as they are distributed networks. Cryptography is used to secure the whole data residing in the blockchain where each client can add information. It can be done by utilizing an arrangement of three keys (public, private, and the receiver’s key) that permit individuals to check the integrity of the information. Blockchain network does not have a central authority. This innovation has already rooted into the finance and banking areas by its uncommon straightforwardness, adaptability, and security that encourage the management of exchanges in a decentralized way. Features like distributed and peer-authentication empower it to span across auxiliary areas like smart grids, government public services, reputation systems, smart cities with IoT, and security services. However, it can change different enterprises, including logistics, healthcare, supply ...