Blockchain Technology:– A New Technology for Creating Distributed and Trusted Computing Environment
Amit Kumar Tyagi, Saravanan Chandrasekaran, N. Sreenath
Abstract
In these (several) past decades (1950 to 2018), the world is moved from wired things to wireless devices or electronics devices/ technology. This increment or development in networking technology faces several incidents like issues of leaking privacy of users, issue of surveillance and security breaches in systems. This paper discusses about compromising users” privacy as various issues, challenges and questions (raised in existed models). Note that due to these issues or breaches or loopholes, unknown users/ third-parties collect and control large amounts of personal data, also they may use this data against respective user, for example, for financial use, for blackmailing, etc. Hence, this article discusses about a new technology (i.e., Blockchain), on which every industry is trusting on. How this new technology has been growing as fastest technology only in the past decade to build among users and organization? Such answers have been given in this paper. Blockchain provides decentralized, distributed personal data management system which ensures users own and control their data or protect user's data any kind of breaches.