A Deep Investigation on Blockchain Network based on Platforms and Consensus Algorithms

Abstract

Due to technological growth a large volume of data is generated by various industry segments such as health care, banking system, supply chain management, agriculture, education, etc. Collected data is used for research, observation of trends and prediction of future. Security and privacy of that valuable data is the most vital aspect. To deal with data breaches and privacy issues most of industries are adopting distributed decentralized systems. Blockchain is one of the emerging technologies that helps to build analogous system in which there is no need for an intermediary or central party. This paper presents a comprehensive and comparative assessment of the blockchain. It explores and compares various type of available Blockchain network. Subsequently, various available Platform to develop the distributed and decentralized protocols are discussed, which are used to provide secure and transparent Internet services. At last, a comparative analysis among available consensus mechanisms is performed.