BLAST: Blockchain Algorithm for Secure Transaction

Abstract

Cryptography and security are important areas in industry to store large voluminous, useful and private data. With the evolution of business to business 4.0, per-forming secure commercial transactions on the web have become important. In business 4.0, emerging technologies such as block chain, cloud computing, et. al. are built on the concepts of cryptography and security. The need for the movement towards business 4.0 is due to the management of big data. For this, different online platforms such as Google App Engine, Amazon Web Services are available. Google App Engine is a scalable cloud hosting service providing a platform for developing and deploying web applications and can also be scaled as per requirements. Amazon Web Services is a cloud computing environment consisting remote computing services including processing, networking and storage resources on cloud. In this paper, effectiveness of blockchain has been showcased in the field of financial transactions.