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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

Marc Pilkington

Université Bourgogne Franche Comté

Date Written: September 18, 2015

Abstract

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

Suggested Citation

Pilkington, Marc, Blockchain Technology: Principles and Applications (September 18, 2015). Research Handbook on Digital Transformations, edited by F. Xavier Olleros and Majlinda Zhegu. Edward Elgar, 2016. Available at SSRN: https://ssrn.com/abstract=2662660

Marc Pilkington (Contact Author)

Université Bourgogne Franche Comté ( email )

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