Implementation of Blockchain Based Distributed Architecture for Enhancing Security and Privacy in Peer-To-Peer Networks

Blockchain technology has gained maximum popularity in recent years as compared to the other latest technologies. It works as immutable ledger in which the transactions are done in decentralized way. It has started spreading its wings now as it is not only used in financial applications but many other companies in the industry are trying to leverage the benefits offered by blockchain in their projects. As industries are committing towards blockchain based projects, there is a need of blockchain implementation and associated development. This paper introduces the basic requirements of blockchain development and proposes a generic blockchain that can be considered as a mould for implementation in different use cases. In this paper a distributed architecture is implemented using blockchain with improved security and privacy. The expected contribution of this paper is to provide an overview for researchers and developers to build applications utilizing the blockchain as a basis.