RAVI TEJA

Blockchain shows a decentralized distributed ledger database that sorts events in time series. When recording user transaction information, cryptographic techniques are added to achieve secure interaction of multiple individuals’ information. The main value of the blockchain is to propose a consensus mechanism that can help two parties to conduct secure transactions without an intermediary. The blockchain establishes a (P2P) network, which establishes a direct connection between the resource provider and the demander by using public and private keys. The sharing mechanism based on the blockchain can not only improve the efficiency of multi-platform data, but also increase the security of information transactions. Its advantage comes from the high-frequency transmission of data, because each update of the ledger needs to be backed up by all users. Obviously, while it improves the efficiency of data utilization, it also increases the pressure of network transmission.