Publisher : Advances in Intelligent Systems and Computing
Campus : Coimbatore
School : School of Engineering
Center : TIFAC CORE in Cyber Security
Year : 2019
Blockchain, as the name says a chain of blocks growing in forward direction contains a list of records which is linked to previous block using cryptographic methods. Typically, a block records a hash pointer, timestamp and transaction data. Inherently by design, a block cannot be modified. Blockchain acts as an open distributed ledger that records transaction between parties efficiently in a verifiable and permanent way. Blockchain technology has a wide range of application both in financial and non-financial areas working with consensus, in different platforms. This paper describes different applications of Blockchain; both in financial and non-financial fields, a study on two of its platforms—Corda and Ripple; and also a comparison between the two platforms. © 2019, Springer Nature Singapore Pte Ltd.