Comparative analysis of consensus algorithms in the health care sector using block chain technology

Abstract

As Blockchain is a distributed digital ledger system, it focuses on various sectors such as bitcoin, the banking sector, the corporation sector, the real estate and the healthcare sector. Each block in the blockchain contains the hash value, timestamp and transaction data of their previous block. The consensus algorithms plays a major role in the blockchain framework. This consensus algorithm maintaining the safety and efficacy of blockchain. The consensus protocols determines how the agreement to add the updated block to all nodes in the network works. Every consensus protocols has its own set of performance and scalability features. It is essential to technically compare each consensus mechanism by highlighting their strengths and weaknesses. Consensus algorithms in blockchain can be divided into two types. They are Proof based consensus and voting based consensus. The Proof based consensus shows that they are more qualified than others to do mining work. Voting-based consensus explains that nodes are needed in a blockchain network to exchange decisions for mining a new block or transaction before reaching a final conclusion. Their effectiveness can be enhanced by manipulating the suitable consensus algorithm in the blockchain. Blockchain technology is recently implement in many domains, especially for healthcare Industry.