International Research Journal of Engineering and Technology [IRJET]
e-ISSN: 2395-0056
Volume: 08 Issue: 04 | Apr 2021
p-ISSN: 2395-0072
www.irjet.net
Storing Digitally Signed Document Using IPFS and Ethereum Smart Contract Parag P Chinawale1, Shobhana A Khedekar2 1Student,
Computer Engineering Department, Mumbai University, Datta Meghe College of Engineering, Navi Mumbai, Maharashtra, India 2Student, Computer Engineering Department, Mumbai University, Datta Meghe College of Engineering, Navi Mumbai, Maharashtra, India ---------------------------------------------------------------------***---------------------------------------------------------------------
Abstract - With the emerging digitalization, the risk for
consequence, the digital signature must be conveniently secured.
tampering of data has increased. Digital signatures are considered to be one of the aspects that require additional security. New emerging technologies could be apt to provide it with more secure methods of transmission and storage. Various algorithms are used to create digital signatures. When the output of an encrypted digital signature is integrated with Blockchain, it can be a promising technology for data storage and transfer that is both safe and secure. This research paper shows how the combination of Algorithms and Blockchain can be used to improve the future.
Companies all over the world are focusing on adopting new platforms to optimize business processes. The adoption of digital signatures provides an efficient and much more convenient solution, resulting in increased market growth. The following is a review of the digital signature demand according to PRESCIENT & STRATEGIC INTELLIGENCE:
Key Words: Blockchain, Digital Signature, Encryption, security.
1. INTRODUCTION Stuart Haber and W. Scott Stornetta, two research scientists, first outlined blockchain technology in 1991. They decided to introduce a computationally feasible approach for timestamping digital records in order to prevent them from being backdated or tampered with. Later in 2009, Satoshi Nakamoto created the world's most well-known cryptocurrency, Bitcoin, which is based on blockchain technology. From that very moment blockchain emerged into the world of digitization.
Chart -1: Market for Digital Signature Technological developments can be used to mitigate such attacks. In recent few years, the drawbacks of digital signature are highlighted in aspects of storage of digitally signed documents. Storing of this data can be made easy and tamper-free using blockchain as a storage medium.
The use of blockchain to store data with a timestamp, as well as the complicated hash encryption used to connect the chains, establishes a data chain, allowing tampering with a single or whole chain more challenging.
IPFS is a decentralized method of data storage. IPFS generates a hash from which the data can be located on the server. Every generated hash is unique.
This increasing success of blockchain turned several businesses such as Amazon, BMW, Credit Suisse, Google, and others to it for help. Blockchain has proved its utility in different financial services, strong security, transparency, and efficiency in the workplace.
Ethereum is a blockchain that can store data securely without getting the data tampered with.
With the rising prevalence of Blockchain alongside the emerging technology, Digital Signatures are employed all over the internet too. Digital Signature contains proof that all transfers were carried out solely by the real owner. Thus, the probability of manipulating a Digital Signature persists because it can be used as an authentic signature. As a
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Impact Factor value: 7.529
A digital signature proves its owner's identity and he or she can’t repudiate his or her sign. Digital Signature is implemented by public and private key algorithms and hash functions [3]. A digital signature can be created using the DSA encryption algorithm. The DSА digital signature is а раir оf lаrge numbers represented in а соmрuter аs strings оf binаry
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