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Integrating Block chain Technology to Harness Big Data: Methods, Obstacles, and Future Outlook

Journal: International Journal of Networks and Systems (IJNS) (Vol.12, No. 6)

Publication Date:

Authors : ;

Page : 13-19

Keywords : Block-Chain; Big Data; Data Security; Privacy; Decentralization; Scalability; Interoperability; Data Management; Smart Cities; Healthcare; Innovation; Data Analytics; Transparency; Future Research;

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Abstract

The distributed and secure nature of blockchain technology makes it an effective tool for combating corruption, increasing transparency, and streamlining processes across fields like healthcare, government, and finance. This research demonstrates that blockchain technology can revolutionize government transparency, financial management, and corporate structures. In nations with high corruption indices, combining blockchain with forensic accounting significantly enhances the openness and accountability of anti-corruption efforts. System integration challenges, legal constraints, a shortage of skilled professionals, and scalability issues hinder blockchain adoption from reaching its potential. Overcoming these obstacles requires further research, legal frameworks, and cross-sector collaboration. To enhance decision-making in a data-driven economy and maximize blockchain's potential, a governance model that integrates big data analytics with blockchain could enable secure, transparent, and scalable adoption

Last modified: 2024-10-23 00:37:32