REWIRING THE CONCEPT OF BLOCKCHAIN IN CHANGING WORLD

Dr. Akhilesh Kumar · Faheem Ahmad Reegu · Dr. Sheshang D. Degadwala · Dr. Shweta Singh

Apr 2023 · Xoffencerpublication

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219

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About this ebook

To put it simply, blockchain is a new category of IT that blends encryption with distributed ledger capabilities. The architecture continues to use a distributed network of computer tokens that work together to ensure the safety of a database without relying on a centralised server. Blockchain is the underlying technology for cryptocurrencies like Bitcoin, Litecoin, and Ethereum, and it is also being used to store permanent records of other sorts of transactions. Bitcoin was the impetus for its creation in 2008. As more and more industries found use for the technology, it rose to prominence in recent years. The data or records are kept in a cryptographic format, which protects both their confidentiality and their integrity. By using digital signatures, both the sender and the recipient may be sure that the information they exchanged cannot be disputed later on. The notion of a programmable blockchain was first proposed by Ethereum. Smart contracts have broadened the use of blockchain technology to fields as diverse as supply chain management, healthcare, voting systems, etc. Given the network effects of today's broad worldwide Internet and cellphone connections, blockchain technology, which has revolutionary potential on par with that of the Internet, might be implemented and accepted far more swiftly than the Internet was. Paradigm 4's socialmobile functionality—with mobile applications for everything and sociality as a website characteristic (liking, commenting, friending, forum participation)—may have set the bar too high for Paradigm 5's blockchain to meet. As the economic layer the Web never had, Paradigm 5 functionality may be the experience of a continuously connected, seamless, physical-world, multidevice computing layer with a blockchain technology overlay for payments. This could include not only standard payments but also micropayments, decentralised exchange, token earning and spending, digital asset invocation and transfer, and smart contract issuance and execution.

About the author

Dr. Akhilesh Kumar, MCA from Gaya College, Gaya, Ph. D. (CS) from Magadh University, Bodhgaya. Currently working as Assistant Professor and Dean In-Charge, School of Computer Science & Information Technology. YBN University, Ranchi, Jharkhand. He has 05 years of teaching and research experience,10 publications in international/national journals/conferences out of which three03 SCI/Scopus Publications in last three years, two book chapter published one in CRC Press, Taylor & Francis Group and one in national publication. He has published 05 patent out of which 01 in German patent.He has 04Ph.DResearch Scholars under direct supervision, one submitted thesis and three are perusing.

Faheem Ahmad Reegu Received his bachelor’s and master’s degree in computer science from Kashmir university , In 2010 and 2013, respectively. He is working as lecturer in department of computer science, Jazan University, Jazan, KSA. Currently, he is a PhD candidate in Advance informatics Department From Razzak faculty of Technology and informatics, Universiti Technologi Malaysia (UTM) Kuala Lumpur.

Dr. Sheshang D. Degadwala is presently working as Associate Professor and Head of Computer Engineering Department, Sigma University , Vadodara. He has published 235 research papers in reputed international journals and conferences including IEEE, Elsevier and Springer. His main research work focuses on Image Processing, Computer Vision, Information Security, Theory of Computation and Data Mining. He is also Microsoft Certified in Python Programming and Excel. He has published 18 books and he got grant for 3 patent. He has published 125 Indian Patent. He has received 50 awards for academic and research achievement.

Dr. Shweta Singh working as an associate professor in the department of Electronics and communication , IES College of Technology, Bhopal. Dr. Shweta has 22 years of teaching experience. During this period, she has also guided many BTech and MTech projects and supervised PhD students. She has published more than 20 papers in SCI/ Scopus/ WoS journals which are of international repute. She has also published 6 patents during this period. Her area of interest includes Machine learning, signal processing and data security

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