Abstract
Blockchain has been one of the most trending areas among the field of technology in recent years. Blockchain is a one of emerging technology for decentralized and sharing of transactional data across a large peer to peer network, where non trusting members can interact with each other without an intermediary, in a verifiable manner. This study makes use of blockchain’s security and traceability to create a platform that can better protect copyright and fair use of media by providing secure storage and usage tracking. Behind this innovative technique, the security, privacy issues and consensus mechanisms of this technology are also important and are a matter of concern. Blockchain with its unique characteristics of immutability and transparency can provide much more potential usage in other industries. Blockchain Technology is more effect than the cryptocurrency and it has many specific applications in all sector such as government, finance and banking industry, business management and more on. The financial industry has taken the advantage of such distributed ledger technology in creation of cryptocurrency and broadening of a new sector of the digital market.
Keywords: Blockchain, distributed ledger, security, Applications
References
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