A Review Of Blockchain Technology In Big Data Paradigm

Abstract

Various organizations have plunged towards cloud computing solutions because of high cost, storage space and maintenance issues from big data. Big data is utilized by institutions in decision making process to achieve valuable insights in real time. Nevertheless big data has indeed helped organizations, andeven small to medium-sized businesses, but it characteristics has posed great challenges at same time. The cloud platform has facilitated in handling computational, networking and storage capacity related issues but still these mechanisms are inadequate to deal with the rapid data explosion. Moreover data is not secure in Cloud Environment as the servers are governed by third party. In recent years fusion of big data and blockchain technology has pushed big data beyond imagination and imparted great prospective in better-quality big data services and applications. Organizations certainly will adopt these two emerging technologies to transform their business needs. In this paper we present an overview of security related issue of big sensitive data on cloud platform along with motivation behind paradigm shift i.e. Integration of big data and blockchain technology.