Methodize of Block Chain Technology
M. J. Abinash1, V. Vasudevan2

1Abinash, Department of Information Technology, Kalasalingam Academy of Research and Education, Srivilliputhur (Tamil Nadu), India.

2Vasudevan, Department of Information Technology, Kalasalingam Academy of Research and Education, Srivilliputhur (Tamil Nadu), India.

Manuscript received on 12 December 2019 | Revised Manuscript received on 22 December 2019 | Manuscript Published on 30 December 2019 | PP: 1041-1045 | Volume-9 Issue-2S2 December 2019 | Retrieval Number: B11121292S219/2019©BEIESP | DOI: 10.35940/ijitee.B1112.1292S219

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Abstract: A blockchain is a collection of records with cryptography. All records or exchanging information are checked by all members. Once enter the information’s into the blockchain record means, it will be never changed or deleted. Distributed and Peer authentication technology is used in blockchain technology. A blockchain is maintaining a record in decentralized with high secure manner, so all users are easily accessed. Blockchain technology is mainly used in financial sectors and banking sectors. This new technology mainly used in IoT, Gaming and entertainment sector, Government Public services, online fund transformation, etc. In today world, blockchain technology mainly used exchanging the documents and money. In blockchain technology is based on the bit coin money transaction. This bit of coin technology will be reducing the intermediate of the money transformation. The main scope of the blockchain technology is both money related and non-financial world.

Keywords: Blockchain, Bit Coin, Cryptography.
Scope of the Article: Block Chain-Enabled IoT Device and Data Security and Privacy