The widespread utilization of Internet-based applications in our daily routines has resulted in enormous amounts of data being generated every minute. This data is not only produced by humans but also by various machines such as sensors, satellites, CCTV, etc. For many organizations, Apache Hadoop is the solution for handling big data. Big data refers to the extensive set of dissimilar data that can be processed to derive meaningful insights. For its security needs, Hadoop relies on trusted third-party security providers such as Kerberos. Kerberos has several security vulnerabilities. The focus of this paper is to eliminate security issues, particularly dictionary attacks and single points of failure, by proposing a model based on blockchain technology and threshold cryptography.In comparison to other existing schemes, the proposed approach offers superior computational overhead and storage requirements while maintaining the system's security level.