Abstract
A Blockchain stores data into distributed manner which maintains a list of records that goes on increasing continuously that are secured from tampering and reformation. It includes data-structure blocks that may hold data or programs. Each block containing batches of individual transactions and the results of any blockchain executables. The blockchain makes trust due to an entire replica of the chain that shows every transaction, is held by the entire network. If someone tries to exploit the system, they can be quickly identified. Blockchain technology, ensures enhanced security and privacy for various application using consensus algorithms. Blockchain technology provides secure, reliable, better fault tolerance, faster and efficient operations against threats, like unauthorized access, data manipulation and discloser of sensitive information. This article presents an overview of this technology, like different types of blockchain, its components, some issues and challenges.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Nakamoto S (2008) Bitcoin: a peer-to-peer electronic cash system
Iansiti M, Lakhani KR (2017) The truth about blockchain. Harv Bus Rev (1):118–127
Shah KA, Jinwala DC (2018) Privacy preserving, verifiable and resilient data aggregation in grid-based networks. Comput J 61(4):614–628
Shah K, Jinwala DC (2016) A secure expansive aggregation in wireless sensor networks for linear infrasturcture. In: 2016 IEEE Region 10 symposium (TENSYMP). IEEE, pp 207–212
Puthal D, Malik N, Mohanty SP, Kougianos E, Yang C (2018) The blockchain as a decentralized security framework [future directions]. IEEE Consum Electron Mag 7(2):18–21
Buterin V (2015) On public and private blockchains. https://blog.ethereum.org/2015/08/07/on-public-and-private-blockchains/
Blockchain component overview. https://console.bluemix.net/docs/services/blockchain/blockchain_component_overview.html#blockchain-component-overview
Yli-Huumo J, Ko D, Choi S, Park S, Smolander K (2016) Where is current research on blockchain technology?—a systematic review
Lin I-C, Liao T-C (2017) A survey of blockchain security issues and challenges. Int J Netw Secur 19(5):653–659
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Patel, V., Khatiwala, F., Shah, K., Choksi, Y. (2020). A Review on Blockchain Technology: Components, Issues and Challenges. In: Kumar, A., Paprzycki, M., Gunjan, V. (eds) ICDSMLA 2019. Lecture Notes in Electrical Engineering, vol 601. Springer, Singapore. https://doi.org/10.1007/978-981-15-1420-3_137
Download citation
DOI: https://doi.org/10.1007/978-981-15-1420-3_137
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-15-1419-7
Online ISBN: 978-981-15-1420-3
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)