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Promoting Trustless Computation Through Blockchain Technology

Records, irrespective of their nature (whether electronic or paper-based), are vulnerable to fraud. People's hard-earned money, their personal information, identity, and health are at a higher risk than ever due to the misuse of technology in doing forgery. However, the technology can also be u...

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Detalles Bibliográficos
Autores principales: Pandey, Prateek, Litoriya, Ratnesh
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer India 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7237625/
https://www.ncbi.nlm.nih.gov/pubmed/32836612
http://dx.doi.org/10.1007/s40009-020-00978-0
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author Pandey, Prateek
Litoriya, Ratnesh
author_facet Pandey, Prateek
Litoriya, Ratnesh
author_sort Pandey, Prateek
collection PubMed
description Records, irrespective of their nature (whether electronic or paper-based), are vulnerable to fraud. People's hard-earned money, their personal information, identity, and health are at a higher risk than ever due to the misuse of technology in doing forgery. However, the technology can also be used as an answer to counteracting against fraudulence prevalent in affairs from every walk of life. This short paper attempts to present the blockchain technology as a solution to overcome the menace of forgery by promoting trustless computing in business transactions. The paper explains the blockchain technology and a variety of its implementation through five different use cases in the field of drug supply chain, health insurance, land record management, courier services, and immigration records. The immigration blockchain is also proposed as a solution to check pandemic like the coronavirus (COVID-19) effectively. The implementation of the Blockchain is performed using a locally built IBM’s hyper-ledger fabric-based platform, and Ethereum public platform. The results are encouraging enough to substitute existing business operations using Blockchain-based solutions.
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spelling pubmed-72376252020-05-20 Promoting Trustless Computation Through Blockchain Technology Pandey, Prateek Litoriya, Ratnesh Natl Acad Sci Lett Short Communication Records, irrespective of their nature (whether electronic or paper-based), are vulnerable to fraud. People's hard-earned money, their personal information, identity, and health are at a higher risk than ever due to the misuse of technology in doing forgery. However, the technology can also be used as an answer to counteracting against fraudulence prevalent in affairs from every walk of life. This short paper attempts to present the blockchain technology as a solution to overcome the menace of forgery by promoting trustless computing in business transactions. The paper explains the blockchain technology and a variety of its implementation through five different use cases in the field of drug supply chain, health insurance, land record management, courier services, and immigration records. The immigration blockchain is also proposed as a solution to check pandemic like the coronavirus (COVID-19) effectively. The implementation of the Blockchain is performed using a locally built IBM’s hyper-ledger fabric-based platform, and Ethereum public platform. The results are encouraging enough to substitute existing business operations using Blockchain-based solutions. Springer India 2020-05-20 2021 /pmc/articles/PMC7237625/ /pubmed/32836612 http://dx.doi.org/10.1007/s40009-020-00978-0 Text en © The National Academy of Sciences, India 2020 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Short Communication
Pandey, Prateek
Litoriya, Ratnesh
Promoting Trustless Computation Through Blockchain Technology
title Promoting Trustless Computation Through Blockchain Technology
title_full Promoting Trustless Computation Through Blockchain Technology
title_fullStr Promoting Trustless Computation Through Blockchain Technology
title_full_unstemmed Promoting Trustless Computation Through Blockchain Technology
title_short Promoting Trustless Computation Through Blockchain Technology
title_sort promoting trustless computation through blockchain technology
topic Short Communication
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7237625/
https://www.ncbi.nlm.nih.gov/pubmed/32836612
http://dx.doi.org/10.1007/s40009-020-00978-0
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