Generalized Immutable Ledger (GILED) using Blockchain Technology

Abstract

Applications of centralised databases have been found in many areas. Almost every organization, private or public, makes use of centralised databases. These databases hold the entire scenario about the organization, like records of their customers, transactions occurring in the organization, past analysis, current performance, future prediction, and a lot more things that can be calculated over them. Basically, these databases are the roots of a particular organization. But the issue regarding these centralised databases is that their access is totally open to some individuals or a particular group of people within the organization. The issue that has been identified is corruption. It is difficult for an outsider to manipulate the data, but it is very simple for anyone within the organisation to do so. Now here the owner of the organization, whether an individual or the government, and the customers of the organisation face trouble because these manipulations are done in such a fine manner that only the person manipulating them knows the changes, while the owner and the customer are unaware of them. These things are more likely to be seen in government sectors. So in order to overcome the existing problem, we are considering using block chain technology in our project. Since the block chain is a distributed network, manipulation of the data is impossible by a single corrupt person. Each minute change made in a ledger can be tracked using a block chain. Many applications have already been deployed to address this issue, but this paper is about generalization, which will be based on a multi-purpose use case rather than a specific use case. This paper gives a generalised solution to solve the above-mentioned problem in any field or use case.