2022
DOI: 10.14569/ijacsa.2022.01311101
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A Comprehensive Insight into Blockchain Technology: Past Development, Present Impact and Future Considerations

Abstract: Blockchain technology is based on the idea of a distributed, consensus ledger, which it employs to create a secure, immutable data storage and management system. It is a publicly accessible and collectively managed ledger enabling unprecedented levels of trust and transparency between business and individual collaborations. It has both robust cryptographic security and a transparent design. The immutability feature of blockchain data has the potential to transform numerous industries. People have begun to view… Show more

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Cited by 4 publications
(1 citation statement)
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References 83 publications
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“…Due to timestamping and distributed management infrastructure. It makes all the data stored in the blockchain enjoy the characteristics of being untameable and unforgeable [10]. During the transmission of information, it is first verified before it is added to the next block, and in the process, the mutual verification and storage of information is synchronized.…”
Section: Information Immutabilitymentioning
confidence: 99%
“…Due to timestamping and distributed management infrastructure. It makes all the data stored in the blockchain enjoy the characteristics of being untameable and unforgeable [10]. During the transmission of information, it is first verified before it is added to the next block, and in the process, the mutual verification and storage of information is synchronized.…”
Section: Information Immutabilitymentioning
confidence: 99%