Coevote

A blockchain technology is a anonymous online ledger that use data structure to simplify the way we transact . Bitcoin is the popular example of the blockchain technology . Its allow user to manipulate the ledger in secure way without the help of a third party . Now blockchain technology currently started using in the banking sector . A bank’s ledger is connected to a centralized network. However, a blockchain is anonymous, protecting the identities of the users. This makes blockchain a more secure way to carry out transactions. The upshot is that the need for payment processors, custodians, and reconciliation bodies is eliminated. IBM Blockchain technology is being used to protect sensitive records and to authenticate the identity of a user. Keyless Security Infrastructure (KSI) stores data hashes on blockchains and runs a hashing algorithm for their verification. Public Key Infrastructure (PKI), an encryption approach which is particularly vulnerable to man-in-the-middle a