Review of Blockchain Technology with respect to Applications, Platforms and Architectures

Abstract

Blockchain is a novel technique for securing digital data transmitted over the internet.The distributed database is used to store data in a digital format.Blockchain is well-known in a variety of fields including education, government, healthcare, and financial services.It relies on distributed ledger technology and establishes trust in digital data to provide secure services for digital information to record transactions.In a decentralised system, blockchain creates blocks for each transaction.The features of blockchain, as well as their platforms and applications, were explored in this case.Blockchain is a digital data transaction security method based on cryptography.A hash function connects the blocks and creates a database record.However it can be implemented in automated software.This survey describes the benefits of blockchain technology in a distributed system and their features in many facilities.It is more efficient than other security services, and sharing the information across a decentralised network .In a distributed system, blockchain enhances traceability and allows for immutable transactions.It is a system that allows remote nodes in a network to agree on something.Market places have recently adopted blockchain technology for critical applications.This section will inform us about the necessity of Blockchain in current trends.