EXPLORING THE EXPEDIENCY OF BLOCKCHAIN-BASED SOLUTIONS: REVIEW AND CHALLENGES
A distributed type of database where digital data is stored as blocks chained together is called a Blockchain. Each block consists of several transactions, authenticated using cryptographic keys, and approved by a group of validators. Hundreds of different Blockchain solutions have been proposed ov...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Polish Association for Knowledge Promotion
2024-12-01
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| Series: | Applied Computer Science |
| Subjects: | |
| Online Access: | https://ph.pollub.pl/index.php/acs/article/view/6461 |
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| Summary: | A distributed type of database where digital data is stored as blocks chained together is called a Blockchain. Each block consists of several transactions, authenticated using cryptographic keys, and approved by a group of validators. Hundreds of different Blockchain solutions have been proposed over the years, proving that they attract research and business interest. In this article, the authors present a generic vocabulary for unifying different terminologies used by various researchers in the field, followed by a review and evaluation of several research works presenting Blockchain-based solutions. A set of criteria regarding usefulness and suitability of adopting a Blockchain application are distinguished in these works. A method to examine their applicability is also discussed. Cryptocurrencies and supply chains, the two most well-known Blockchain uses, are considered and examined to assess how important these criteria are in these two use cases.
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| ISSN: | 2353-6977 |