Key management for blockchain technology

Abstract

Public Key Infrastructure (PKI) is used in Blockchain Technology to authenticate the entities and to ensure the integrity of the blockchain. Proper Protection of Bitcoin wallet is required for private keys, seeds and keys stored in external hardware in Blockchain infrastructure. In this paper, overview of Blockchain, analysis of existing PKI for Blockchain and key management for Blockchain wallet are discussed. To achieve the confidentiality of sensitive records over the Blockchain network, a Group Key Management scheme for secure group communication is also proposed.