Security, Privacy and Trust in Block Chain

EasyChair Preprint 10179

Abstract

A distributed ledger is upheld by a network of nodes, with each node possessing an identical synchronized digital record. These nodes not only verify the data but also collaborate to achieve a mutual agreement on precise transactions.

Some ledgers have been utilized for a significant period, and their usage has gained increased recognition, exploration, application, and advancement since the emergence of Bitcoin.

As Industry 4.0 continues to advance, distributed ledgers can now be employed across various industries where data is recorded and utilized for growth. While all blockchains are a form of distributed ledger, it should be noted that not every distributed ledger necessarily functions as a blockchain.

Although distributed ledger helps in more much accounts, security and accessibility, then it remains complex and more difficult to scale, DLT is not adaptable to strong regulation

This paper discusses how Security, privacy and trust are archived, function and play an important role in blockchain based distributed networks.

Keyphrases: Blockchain, Blockchain and DLT, Distributed Ledger Technology, Hashing algorithms, Security in blockchain, distributed ledger

@booklet{EasyChair:10179,
  author    = {Nikhil Rohidekar and Singam Reddy Suresh Reddy and N Nassurudeen Ahamed},
  title     = {Security, Privacy and Trust in Block Chain},
  howpublished = {EasyChair Preprint 10179},
  year      = {EasyChair, 2023}}