Adoption of pets in distributed network using blockchain technology. (7th August 2020)

• Record Type: Journal Article
• Authors: Gururaj, H.L.; Manoj, Athreya A.; Kumar, Ashwin A.; Nagarajath, S.M.; Kumar, V. Ravi
• Is Part Of: International journal of blockchains and cryptocurrencies. Volume 1:Number 2(2020)
• Page Start: 107
• Page End: 120
• Publication Date: 2020-08-07
• Subjects: blockchain -- decentralised -- distributed -- peer-to-peer network -- smart contracts; Blockchains (Databases) -- Periodicals; Cryptocurrencies -- Periodicals; Electronic funds transfers -- Periodicals; 332.404
• Languages: English
• ISSNs: 2516-6425

Abstract

As the whole world is moving towards digital payments, ethers and the transaction methods with quick payment features are stored in a blockchain in a distributed network. To adopt pet animals, this technology provides security and flexibility to users. The distributed network is a network system through which data, software and computer programming are spread across on more than one node(computers) and these nodes are dependent on each other. It is nothing but a peer-to-peer network which eliminates a single point of failure. The blockchain is a growing list of records called blocks, that are linked using cryptography. It is a decentralised, distributed and an immutable ledger to store digital transactions. Its databases are managed using a peer-to-peer network where all the nodes in a network are equal and are the major concern in the types of network architecture. The consensus protocol is used for transacting and communicating between the nodes. In this paper, a unique way of adopting pets is proposed where the transaction details are stored in a blockchain whereby using hash value returns further details of the transaction. It provides users more convenient access in adopting pets and provides a better approach to the existing centralised system.