A Survey on Blockchain Technology with Uuse-cases in Governance

Ranade, Ashutosh; Shaikh, Zaheed

doi:10.2139/ssrn.3568629

Cited by 1 publication

(1 citation statement)

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“…This functionality makes it simple for businesses to operate with the transparency they are looking for, without having to sacrifice security and privacy. Being able to post to multiple public blockchains at once increases the security of transactions, as they benefit from the combined hash power being applied to the public chains [32]. A careful study of the system is needed before implementing blockchain in any industry or business.…”

Section: Hybrid Blockchainsmentioning

confidence: 99%

Research and Applied Perspective to Blockchain Technology: A Comprehensive Survey

et al. 2021

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Blockchain being a leading technology in the 21st century is revolutionizing each sector of life. Services are being provided and upgraded using its salient features and fruitful characteristics. Businesses are being enhanced by using this technology. Countries are shifting towards digital currencies i.e., an initial application of blockchain application. It omits the need of central authority by its distributed ledger functionality. This distributed ledger is achieved by using a consensus mechanism in blockchain. A consensus algorithm plays a core role in the implementation of blockchain. Any application implementing blockchain uses consensus algorithms to achieve its desired task. In this paper, we focus on provisioning of a comparative analysis of blockchain’s consensus algorithms with respect to the type of application. Furthermore, we discuss the development platforms as well as technologies of blockchain. The aim of the paper is to provide knowledge from basic to extensive from blockchain architecture to consensus methods, from applications to development platform, from challenges and issues to blockchain research gaps in various areas.

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Section: Hybrid Blockchainsmentioning

confidence: 99%