Blockchain : A decentralized approach to big data

Abstract

The blockchain technology is a hot topic and a new technology in recent years. It is not only an underlying technology for many applications like Bitcoin application, but also it is a kind of thinking including cognitive and mental processing and understanding for artificial intelligence and human enhancement. All data or services are digitized. So, this leads to deal with big data. It is a challenge to deal with big data from the perspective of performance, scalability, availability and privacy in centralized systems. Blockchain is applicable to big data and brings different perspective how to process, store, read and write data. Also, the aim of this paper is to show that better solutions are possible in a decentralized way. Even the technology is in its early stages, the blockchain technology will be in future due to its superior features. Therefore, it is better to adopt this technology as soon as possible to place in future. This paper gives a brief about how the blockchain could approach to big data and analyzes existing information regarding the challenges of big data from the side of the blockchain.