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You're reading from  Blockchain Development for Finance Projects

Product typeBook
Published inJan 2020
Reading LevelBeginner
PublisherPackt
ISBN-139781838829094
Edition1st Edition
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Author (1)
Ishan Roy
Ishan Roy
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Ishan Roy

Ishan Roy leads the Blockchain initiative at the Centre of Excellence for Emerging Technologies (CEET) at the Tamil Nadu e-Governance Agency (TNeGA). He is currently working on the Tamil Nadu Blockchain Backbone project. His foray into blockchain began in the year 2016, at the blockchain team at ICICI Bank. This team carried out the first blockchain remittance in India. Since then he has worked as the Head of Products at HashCash Consultants where he built blockchain-enabled financial solutions for global clients. He has also mentored students and industry veterans as a blockchain trainer with Edureka. He is extremely passionate about technology and loves to keep himself abreast of new developments in the field through the community
Read more about Ishan Roy

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Tamper-proof document storage using blockchain

The consensus algorithm of blockchains makes it virtually impossible to alter any data once it is stored in the blockchain. The consensus algorithm of a blockchain is an elaborate mechanism that ensures that the data captured on all the nodes in the blockchain network (the participating computers or servers that store a copy of the blockchain ledger) is uniform. This means that the data stored on each node, as well as the sequence in which the data is organized, is the same throughout all the nodes in the network.

This also means that once data is written or captured in a blockchain, it is virtually immutable—that is, it cannot be modified as long as the blockchain network remains unchanged. If the recorded data on one of the nodes is altered, the consensus algorithm prevents the altered data from being written to the other...

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Blockchain Development for Finance Projects
Published in: Jan 2020Publisher: PacktISBN-13: 9781838829094

Author (1)

author image
Ishan Roy

Ishan Roy leads the Blockchain initiative at the Centre of Excellence for Emerging Technologies (CEET) at the Tamil Nadu e-Governance Agency (TNeGA). He is currently working on the Tamil Nadu Blockchain Backbone project. His foray into blockchain began in the year 2016, at the blockchain team at ICICI Bank. This team carried out the first blockchain remittance in India. Since then he has worked as the Head of Products at HashCash Consultants where he built blockchain-enabled financial solutions for global clients. He has also mentored students and industry veterans as a blockchain trainer with Edureka. He is extremely passionate about technology and loves to keep himself abreast of new developments in the field through the community
Read more about Ishan Roy