Blockchain: The perfect data protection tool

Abstract

Blockchain is a technology that is based on Bitcoin cryptocurrency. It is a technology for decentralizing transaction and managing data. Immense research and deep thinking has gone into conceptualizing blockchain since the time it was first showcased by Satoshi Nakamoto in 2008. The growing interest among researchers and technologists is the central attribute of blockchain that provides a high level of security, anonymity and data integrity without any intervention from third party who is in control of the transactions. Here in this study we have carried out through a well-defined study with the sole aim of collecting all relevant research areas and technologies on Blockchain Technology. With Blockchain becoming future in transactions in financial sector, it also comes with its own burden of risks. But since it has the potential to revolutionize the existing technology, it feels right to take the plunge[1].