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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM23399
Volume:
7 |
6 |
Jun 2023
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Blockchain is a digital ledger used to secure data in a secure manner by chaining encrypted blocks together in a chronological order. Each block in the Blockchain contains a number of transactions, and once a block is added to the Blockchain, it cannot be deleted. Instead of copying or transferring, the digital assests are distributed and decentralized. Blockchain reduces security risks and frauds.Distributed ledger technology, Immutable records, Smart contracts are the key elements of a Blockchain. The most widely known use of Blockchain is in cryptocurrency. These are tokens used as a digital form of cash to buy goods. Bitcoin, Ethereum, Litecoin, Dogecoin are few examples of cryptocurrencies. There are different ways to build a Blockchain network like – Public, Private/Permissioned, Consotrium.The necessary frameworks, standards, tools and libraries to build aBlockchains are provided by Hyper Ledger Fabric. Hyper Ledger Fabric is a permissioned Blockchain platform. It is designed to provide a flexible and modular architecture for building enterprise-grade Blockchain solutions. Fabric uses a unique approach to consensus that allows for greater flexibility and privacy compared to other Blockchain platforms. It also offers a range of features, including smart contract support, permissioned access, and a pluggable architecture that allows for customization and interoperability with other systems. Hyper Ledger Fabric has already been adopted by a number of industry leaders in sectors such as finance, supply chain management, and healthcare. As more companies and organizations see the benefits of using Blockchain technology. There have been discussions about using Blockchain technology to store Aadhaar data. Blockchain can provide a tamper-proof and auditable record of Aadhaar transactions, which can enhance the security and trust of the system. Although, the use of Blockchain for Aadhaar is still in the experimental phase, and further research and development are
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Publication Date
10/5/2023
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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