The study of blockchain towards its application to South African Social Security Agency (SASSA)

In recent years, there has been a rapid improvement in the way currencies are perceived, which has led to a rise in digital currencies commonly known as cryptocurrencies (because they are secured by the use of cryptography). Bitcoin was the _rst successful cryptocurrency which allowed users to transact directly with each other without the involvement of the third party (the bank). Bitcoin introduced a new technology known as the blockchain which is considered to be the ext-generation technology". Blockchain is a chronological database used to store all the transactions that have occurred since the inception of Bitcoin. A study of the Blockchain involving its application to the South African Social Security Agency (SASSA) is presented. This study assesses how the Blockchain functions. The Blockchain has been viewed as the next-generation technology. This study also assesses the application of the Blockchain to other systems other than cryptocurrencies or digital currencies. Recent studies in the literature have proposed applications of the Blockchain to other system (e.g. electronic voting, smart contracts, and intellectual property rights). Although these proposals have been put forward, none has been made speci_cally for SASSA. This study also presents the problems that the Blockchain has (e.g. scalability, security).Recent literature has tried to solve the problem of scalability, by introducing new protocols like mini-blockchain. In addition, this study presents the challenges that SASSA is currently having and it provides details about the attacks that could succeed in the system. The study presents the analysis of the blockchain for its application to SASSA; the analysis includes scalability, performance and security. Based on the analysis, it is shown that the blockchain is not compatible to be applied to SASSA. However, this study proposes a solution to some of the challenges SASSA is currently facing