1. Blockchain Technology
- Author
-
Zaigham Mahmood
- Subjects
Blockchain ,Computer science ,Use case ,Computer security ,computer.software_genre ,computer - Abstract
Blockchain technology is probably the most attractive innovation since the emergence of the internet. Blockchain refers to an open distributed ledger spread across multiple computers that hold digitally recorded transactions in a much more efficient, transparent, and secure manner. A blockchain consists of a number of blocks, each containing data relating to digital assets and a hash header that links it to the previous block in the chain. The blocks are linked together, and new blocks can be added and removed, following a process of consensus. Also, those involved in the transactions can share the distributed digital ledger without needing a centralized intermediary. This chapter aims to introduce blockchain technology and discuss the use cases and initiatives in various sectors of the society, in particular within the blockchain product vendors and service providers. Characteristics, benefits, types, underlying technologies, and platforms are also discussed for the sake of completeness.
- Published
- 2021
- Full Text
- View/download PDF