Story Telling with Basic and Advanced Data Visualizations of Blockchain Technologies

Abstract

The reinforced significance of blockchain technology is due to its foul-proof security of decentralized self-triggering applications. The major concern is towards maintaining transaction record keeping as unhampered in the peer-to-peer infrastructure and finally moldings them into digital assets. Blockchain concept is in the form of a distributed peer-to-peer network and is first applied in the design of Bitcoin cryptocurrency. After it was established as a successful model, all the business sectors started the working framework for their customized applications. Universally, the suite of blockchain is still in an embryonic stage and is evolving as a potentially transformative force. Hence to revamp the existing paradigms, the first part of the paper is articulated by stating a concise view towards the architectural importance of blockchain technology. The work also attempts to oversight the potential case studies implemented in the public sector. The second part patches the approachable technical underpinnings that can be transparently applied over with cryptocurrencies such as Bitcoin and Ethereum etc in the form of data visualizations. These visualizations attempt to highlight and demystify compliances in the blockchain datasets and help decision makers to improve their business values timely via this trusted medium.