Blockchain Technology: Principles and Applications
Research Handbook on Digital Transformations, edited by F. Xavier Olleros and Majlinda Zhegu. Edward Elgar, 2016
39 Pages Posted: 24 Sep 2015 Last revised: 15 Apr 2016
Date Written: September 18, 2015
This paper expounds the main principles behind blockchain technology and some of its cutting-edge applications. Firstly, we present the core concepts at the heart of the blockchain, and we discuss the potential risks and drawbacks of public distributed ledgers, and the shift toward hybrid solutions. Secondly, we expose the main features of decentralized public ledger platforms. Thirdly, we show why the blockchain is a disruptive and foundational technology, and fourthly, we sketch out a list of important applications, bearing in mind the most recent evolutions.
Keywords: Blockchain technology, public ledgers, private ledgers, applications
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