Tagging Blockchain Technology Fostering Panacea for Data Privacy, Cloud Computing, and Integrity

Abstract

Blockchain technology (BT) offers a secure and transparent method for recording and verifying transactions. Unlike traditional systems reliant on central authorities, BT utilizes a decentralized network of participants to collectively validate and maintain a tamper-proof digital ledger. This ledger, comprised of cryptographically linked blocks containing transaction data, ensures immutability and resistance to manipulation. Secured by cryptographic algorithms and supported by consensus mechanisms like proof of work or proof of stake, BT fosters trust and transparency. However, India, like many nations, faces evolving legal concerns regarding data protection as BT adoption grows.