Blockchain. Today Applicability and Implications (original) (raw)

Blockchain Economy : The New Era of Digital Economy

International Journal of Scientific Research in Science and Technology, 2019

In this research paper the researcher given the analysis report of blockchain technology and its significant usage in new era of digital economy. The researcher stated that block chain technology is a network software protocols that enables the secure transfer of money, assets, and information via the internet, without need a third party intermediary. The researcher focused on some of the significant research issues and new dimension of centralized data centers, distributed ledger technology, specific times tamped with a unique cryptographic signature, tamper-proof auditable history of all transactions. In current scenario the block chain technology provides highly secure data in all aspects using cryptography, fingerprint that verifies the authenticity of the data. Alteration of the original data causes the hash of the altered data to no longer match the original fingerprint. Transactions on the blockchain are grouped and stored in blocks. The combined hash of these transactions is also stored, and each subsequent block saves the combined hash of the previous block. The resulting digital applications are digital asset registries, blockchains as leapfrog technology for global financial inclusion, long-tail personalized economic services, and net settlement payment secure channels which provides a new era of digital economy. In this research article the researcher focused on some of the significant research issues and challenges, statistical report of current blockchain technology usage and future direction for highly secure technology of new era of digital economy.

Blockchain Technology the New Internet

The blockchain is generally defined as publicly disclosed and linked ledger of online transactions that are performed in peer to peer network. Also, all the transactions executed in this public ledger are verified by the majority of the participants. Blockchain has brought a different approach to the data sharing and management. It has come up with the solutions to a number of problems that the digital world has been facing since long. Blockchain technology is highly efficient to transform a number of industries such as financial and non-financial ones. This paper explores the blockchain technology as a thing like an internet i.e. the future of Internet and explains it's numerous scopes in different sectors for both the personal and professional purposes. But firstly, we will come across the basics of this technology, how did it come into existence and what's its current status. We will also study what can be the positive and negative impacts of using blockchain technology. And at last, we will explain the challenges along with the opportunities this latest technology brings in the digital world.

The Most Secured Technology: Blockchain and Its application in Various Sectors

International Journal of Computer Trends and Technology, 2019

Blockchain is the most amazing technology for upcoming inflictions in computing. It is a decentralized, digitized, creative and innovative invention of the present world by an individual or a group work under the pseudonym, Satoshi Nakamoto in 2008. Distributed ledger of records is immutable and verifiable in Blockchain that's why it is impossible to manipulate any data in existing blocks. Although the most common assumption of blockchain is cryptocurrency, there are explorations in different other sectors. This paper analysis the scope of reviewing the blockchain technology which will introduce the latest research field of its applications. However, it will also highlight the opportunities as well as the challenges in front of the recent technology which is developing our digital world.

blockchain and its uses

Blockchain, the technology behind most cryptocurrencies that exist today, offers a paradigm shifting technology that has the potential to transform the way that we record and verify events on the Internet. By offering a decentralized, immutable, community verified record of transactions, regardless of what these transactions represent, blockchain technology promises to transform many industries. In this paper, we provide a survey of this very important technology and discuss its possible use-cases and its effect on society. The purpose of this paper is to familiarize the reader with the current state-of-the-art in the blockchain world both in terms of technology and social impact.

Blockchain and the Application of Blockchain Technology

MEST Journal

Thanks to cryptocurrencies, blockchain technology has recently become the focus of interest of both scientists and the public. The paper presents the principles on which blockchain is based and analyzes the possibilities of the application of blockchain technology in more detail. In a part of the analysis, some of the most common cryptocurrencies were considered, such as Bitcoin, Ethereum, USD Coin, Ripple, and ADA. Blockchains' applicability in supply chains, finance, real estate, health care, voting, and smart cities the authors discussed in the chapter about the application of blockchain technology. A separate chapter discusses the limitations of blockchain technology. Based on the analysis, at the end of the paper, the authors conclude that blockchain technology has great potential in automating and optimizing business processes and protecting the information and privacy of users. Given the demonstrated interest of companies in blockchain technology, investments, and demand ...

Blockchain: The Essential Future of Modern Internet

This paper deals with the future of modern internet, named as "Blockchain". Blockchain is renowned as the worlds populating a type of new software platform for all kinds of digital assets. In a form of, forms of blocks data will be stored or recorded in blockchain, and emerged & protected and secured by the conceptual of Cryptography. After release of bitcoin, the "Modern Internet : Blockchain" became a high peak internet protocol , which is transforming the values of data from a node to node in a block and working in a decentralized manner. Blockchain is a state of art technology that is always associated with a great level (layer) of security and privacy In today's tremendous technology innovations, blockchain technology is not only implemented in crypto-currencies , but also in social and corporate segments too, like e-commerce, e-governance, logistics and many others.

Blockchain Technology – The Next Computing Paradigm Shift

Blockchain is a computing technology that has risen on the radar and is known to have the potential to disrupt entire industries. This article explores the mechanics and business cases that Blockchain provides. Additionally, it highlights how the technology goes beyond the use of cryptocurrencies (Blockchain 1.0) and smart contracts (Blockchain 2.0) and reveals themes and examples that substantiate the notion of a fifth disruptive computing paradigm.

Blockchain and its Influence on Market

International Journal of Computer Science Trends and Technology (IJCST), ISSN 2347 – 8578, Vol. 7, Issue 5, Pages 82- 91, 2019

In the last decade, Blockchain has experienced a booming success. It is on everybody's lips, in particular in the banking and finance world where it finds its source. Many authors have explored the potential influence of Blockchain on the market. Blockchain brings digital technology into real time computing systems management. It has the ability to transform all aspects of the digital economy, including conducting business, shopping, enhancing education, delivering healthcare, and learning, entertainment, and staying connected with a social world. Blockchain was not in fact created for its own intents and purposes originally, it was only an aspect of Bitcoin protocol, ensuring the secure transfer of the cryptocurrency. In this paper, we are providing an introduction to Blockchain technology in a simplified style. It also discusses about how Blockchain technology can be used in the market to benefit the customers and the company to a great extent. Lately, Blockchain digital technology has evolved further to aid in conducting financial transactions. Online payments have gained large traction and card based payment methods, credit and debit cards have become dominant. Blockchain supports all these transform by creating increased speed of transaction processing and greater efficiency in real time processing. Blockchain provides a robust environment for secure data sharing in real-time. Blockchain is a type of distributed ledger system providing enhanced security in the real time digital economic process.

Introduction to Blockchain: An Emerging Technology

2021

It is only a matter of time before technology emerges to open up a whole new world of opportunities. For example, the invention of the Internet was a development like this that changed the world in almost every theory. Blockchain technology is also one of the emerging technological advances that is expected to change the way transactions are conducted, thus affecting a wide range of potential applications. Blockchain is a distributed software network that works both as a digital logger and a method that allows secure transfer of assets without a mediator. Just as the Internet is a technology that facilitates the flow of digital information, blockchain is a technology that facilitates the digital exchange of digital value. Anything from coins to land titles to votes can be token, stored, and exchanged via a blockchain network.

Blockchain and Cryptocurrencies Edited by Asma Salman and Muthanna G. Abdul Razzaq

Blockchain and Cryptocurrencies, 2019

Finance is the language of business and as technological disruption accelerates, a fundamental change is under way. This presents both opportunities and challenges for current-day organizations and finance professionals alike. Money makes the world go around, they say; but digital money not only makes the world go around, it does it in a decentralized fashion. Because the currencies are decentralized, with the right mix of technology the opportunities that emerge are noteworthy and emerge as a game changer for financial institutions. This book shows many different aspects, examples, and regulations of cryptocurrencies through its underpinning technology of blockchain in the present-day digital era. The diversity of the authors who sum up this book signify the importance of implementation in the digitized economy. It is divided into four main sections, with topics on Bitcoin, blockchain and digital returns, impact of cryptocurrencies in gaming, and cryptocurrency exchanges.