Digital Forensics: Using Blockchain in Cryptocurrency Investigations

Blockchain technology, a distributed ledger system, offers a secure and verifiable way to validate transactions without a central authority. Its applications extend beyond finance, impacting the Internet of Things, big data, cloud computing, and edge computing. Notably, blockchain can enhance the trustworthiness of artificial intelligence by providing a tamper-proof record of training data.

In the realm of electronic evidence, ensuring its integrity is critical. Evidence needs protection from alteration or destruction to be admissible in court. This concept, known as the Chain of Custody, involves meticulously documenting evidence handling chronologically.

The Chain of Custody establishes a clear record of all steps taken by investigators to preserve evidence integrity. It's crucial because tampered evidence becomes unreliable. Blockchain technology, with its secure database structure utilizing hashing and block storage (like Bitcoin and other cryptocurrencies), can significantly improve the Chain of Custody process. By tracking data access and maintaining an immutable record, blockchain can bolster the accuracy of evidence presented in court.

Bitcoin is the foremost cryptographic cash that strikes a chord while managing blockchain. The lousy information is that the damage related to the blockchain will not end in Bitcoin. There is bounty more cryptographic types of cash and approaches to utilize them illicitly. The uplifting information is, regulation authorization has dependably advanced to illuminate even the most excellent innovation violations, which implies that tackling digital currency wrong doings is certainly a query of time utilizing proper association of apparatuses and out of the field considering.

This chapter provides policing demanding situations of investigating; evidencing and prosecuting prepared cybercriminals for the crimes devoted the use of cryptocurrencies, blockchain together with Bitcoin. This work is a result of collaboration with some of stakeholders the policing and judicial environment with the goal of investigating and prosecuting the brand new era of organized cybercriminals. Concrete situations of the use of Bitcoins in a variety of cybercrimes have been evolved as a part of this undertaking and the gadgets have been analyzed to extract proof to help prosecution of organized cybercriminals.