Blockchain Technology: Most Secure Database

Abstract

Since most of the organizations are going online these days, such organizations have become dependent to their data over the internet. Hence, it has become more critical to secure data by taking adequate security measures. One of the measures that can be taken to secure data from attackers and intruders is access control. Along with the changing trend, even the data used is evolving. `Bitcoin' is the new data that has gained importance in the market. Every third person in the world has Bitcoin to their share. So it becomes important to secure Bitcoin and the information it possesses. Blockchain helps in preventing Bitcoin - the digital currency and therefore stores the information securely. In this paper, we survey and study how the rising of Blockchain technology has affected traditional transactional banking and also outline possible directions for future research.