The Convergence of Blockchain and Database Technologies
Blockchain technology, known for its decentralized and immutable nature, Blockchain is a technology that doesn't need a central boss or control. It's like a digital ledger that everyone can see and can't be changed. This makes it great for things like money, identity, and contracts. People have tried to make digital money before, but it was often hard to trust and secure. Blockchain is different because it's controlled by the people who use it and can't be faked. This has made it very popular. This paper examines how blockchain and databases can work together, focusing on the benefits, challenges, and potential applications. We'll explore the basics of blockchain, including consensus mechanisms, smart contracts, and distributed data storage. Then, we'll discuss the shortcomings of traditional relational databases and how blockchain can address them. We'll also look at issues like data security, scalability, privacy, and how different systems can work together. By analyzing these factors, we hope to offer insights into the future of databases and the powerful impact of blockchain. Through research and testing, we show that our approach is practical and can improve how databases work. Our method uses data compression and encryption to make things faster and safer. This means that data is smaller and more secure when it's stored on the blockchain. When you need to use the data, it's decrypted and decompressed, so you can use it without worrying about security or efficiency.
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2024-10-31
- DOI
- https://doi.org/10.5281/zenodo.14273411
- Primary Topic
- Blockchain Technology Applications and Security
- Type
- article
- Field-Weighted Citation Impact
- 0.00