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Forging of documents from the original copies have become popular these days. And, if we want to view or verify a document, we have to be physically present at the office of the issuing authority as the documents are stored in their respective database. All these processes are not feasible, and if performed is time consuming and very inefficient in economic perspective. The documents are stored in the issuing authorities Database, it can be affected by any natural or manmade disasters, in such cases all the data will be lost. The storage of documents in a block chain makes it much cost and time effective and the verification of these documents becomes easier in terms of time. The block chain is a network of connected computers on which the ledger of the documents is maintained, so it becomes hard for any person or entity to forge the documents. The whole system cannot collapse at once so it becomes a type of immutable system for storing documents and the block chain property of distributed ledger system will help to keep the documents unmodified and unaffected forever. Blockchain may be a localized, digital ledger system that is the inspiration upon that Bitcoin and alternative cryptocurrencies operate. Blockchain uses a good network to stay track of digital transactions, like cryptocurrency, it’s brought up as a sequence as a result of additions or changes are superimposed linearly and connected along. |
