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Semantic and Blockchain Technology

Semantic and Blockchain Technology
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Author(s): Aswini R. (IFET College of Engineering, India)and Padmapriya N. (IFET College of Engineering, India)
Copyright: 2021
Pages: 22
Source title: Advanced Concepts, Methods, and Applications in Semantic Computing
Source Author(s)/Editor(s): Olawande Daramola (Cape Peninsula University of Technology, South Africa)and Thomas Moser (St. Pölten University of Applied Sciences, Austria)
DOI: 10.4018/978-1-7998-6697-8.ch003

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Abstract

Blockchain is a distributed ledger with the ability of keeping up the uprightness of exchanges by decentralizing the record among participating clients. The key advancement is that it enables its users to exchange resources over the internet without the requirement for a centralised third party. Also, each 'block' is exceptionally associated with the past blocks by means of digital signature which implies that creation a change to a record without exasperating the previous records in the chain is beyond the realm of imagination, in this way rendering the data tamper-proof. A semantic layer based upon a blockchain framework would join the advantages of adaptable administration disclosure and approval by consensus. This chapter examines the engineering supporting the blockchain and portrays in detail how the information distribution is done, the structure of the block itself, the job of the block header, the block identifier, and the idea of the Genesis block.

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