Blockchain: Emerging Digital Currency and Need of the Modern Industrialization

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Author(s): Aprajita Shriwastawa (Galgotias University, India), Nitya Singhal (Galgotias University, India)and S. Prakash (Galgotias University, India)
Copyright: 2021
Pages: 15
Source title: Blockchain and AI Technology in the Industrial Internet of Things
Source Author(s)/Editor(s): Subhendu Kumar Pani (Krupajal Computer Academy, India & Biju Patnaik University of Technology, India), Sian Lun Lau (Sunway University, Malaysia)and Xingcheng Liu (Sun Yat-sen University, China)
DOI: 10.4018/978-1-7998-6694-7.ch008

Keywords: Artificial Intelligence / Computer Science & IT / Data Mining and Databases / Information Science Reference

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Abstract

Blockchain is an emerging technology of the new generation. Safety and protection of the data have been the prime concern of people. Digitalization has paved the way for the generation of trillions of data every second. With these developing lives of people, blockchain is the solution. The authors discuss the applications of blockchain in various aspects of life along with the introduction of digital currency. The means and norms are considered for digital money transfer and generation of end-to-end encrypted code for the sake of high-end security. They discuss the framework that can be used by the organizations to develop a new form of the internal network. Finally, the suggestion for future work and development along with all the cons is shown.

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Blockchain: Emerging Digital Currency and Need of the Modern Industrialization

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