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One of the large and emerging technologies nowadays is blockchain which has the impending potential to renovate the approach of contributing the large amount of data and information along with that it is also boosting confidence among the users. The drastic expansion in data creates security, privacy with assurance issues in the period of the Internet. The proposal is built to examine the nitty-gritty of blockchain technology and consensus algorithms also with the assessment of consensus algorithms and their area of relevance. With the appearance of Internet of Things (IoT), the enormous significant information is obtainable from the Internet. For doing cryptographic analysis and hashing procedures. This is a kind of challenge for the researchers to provide secure data without involving a third-party intervention for central environment. We can also reduce the transmission announcement expenditure of …