Analysis of Blockchain Technology for Business Authentication

In today's world, the increasing advancement and digitalization with internet usage and its latest technologies have made almost everything available on the online platform. In almost all the applications, merchants and users must sign up or log in with username and password. Sometimes users save the login details to avoid delays in different applications, which in turn creates major security vulnerabilities for users, merchants, and applications as well. This study analyzes the technology-based implementation of blockchain in business authentication. This study concerns on the improvement of business, especially in authentication using blockchain technology. The analysis has been related to blockchain technology, business authentication, business security, and auditing using blockchain. Furthermore, the discussion has been carried out for various commercial uses of blockchain technology and for achieving security and quality standards. This analysis helps to provide a more secure platform and authentication solutions.