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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| Format: | Article |
| Language: | English |
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Polish Association for Knowledge Promotion
2024-12-01
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| Series: | Applied Computer Science |
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| Online Access: | https://ph.pollub.pl/index.php/acs/article/view/6461 |
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| author | Francisco Javier MORENO ARBOLEDA Georgia GARANI Sergio Andrés ARBOLEDA ZULUAGA |
| author_facet | Francisco Javier MORENO ARBOLEDA Georgia GARANI Sergio Andrés ARBOLEDA ZULUAGA |
| author_sort | Francisco Javier MORENO ARBOLEDA |
| collection | DOAJ |
| description |
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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| format | Article |
| id | doaj-art-4a30d611aff04cec86e9525f36a16b41 |
| institution | Kabale University |
| issn | 2353-6977 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Polish Association for Knowledge Promotion |
| record_format | Article |
| series | Applied Computer Science |
| spelling | doaj-art-4a30d611aff04cec86e9525f36a16b412025-01-09T12:44:48ZengPolish Association for Knowledge PromotionApplied Computer Science2353-69772024-12-0120410.35784/acs-2024-45EXPLORING THE EXPEDIENCY OF BLOCKCHAIN-BASED SOLUTIONS: REVIEW AND CHALLENGESFrancisco Javier MORENO ARBOLEDA0https://orcid.org/0000-0001-7806-6278Georgia GARANI1https://orcid.org/0000-0003-1892-4183Sergio Andrés ARBOLEDA ZULUAGA 2https://orcid.org/0009-0008-7560-6345Universidad Nacional de ColombiaUniversity of ThessalyUniversidad Nacional de Colombia 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. https://ph.pollub.pl/index.php/acs/article/view/6461blockchaincryptocurrencydatabasetransactiondatabase application |
| spellingShingle | Francisco Javier MORENO ARBOLEDA Georgia GARANI Sergio Andrés ARBOLEDA ZULUAGA EXPLORING THE EXPEDIENCY OF BLOCKCHAIN-BASED SOLUTIONS: REVIEW AND CHALLENGES Applied Computer Science blockchain cryptocurrency database transaction database application |
| title | EXPLORING THE EXPEDIENCY OF BLOCKCHAIN-BASED SOLUTIONS: REVIEW AND CHALLENGES |
| title_full | EXPLORING THE EXPEDIENCY OF BLOCKCHAIN-BASED SOLUTIONS: REVIEW AND CHALLENGES |
| title_fullStr | EXPLORING THE EXPEDIENCY OF BLOCKCHAIN-BASED SOLUTIONS: REVIEW AND CHALLENGES |
| title_full_unstemmed | EXPLORING THE EXPEDIENCY OF BLOCKCHAIN-BASED SOLUTIONS: REVIEW AND CHALLENGES |
| title_short | EXPLORING THE EXPEDIENCY OF BLOCKCHAIN-BASED SOLUTIONS: REVIEW AND CHALLENGES |
| title_sort | exploring the expediency of blockchain based solutions review and challenges |
| topic | blockchain cryptocurrency database transaction database application |
| url | https://ph.pollub.pl/index.php/acs/article/view/6461 |
| work_keys_str_mv | AT franciscojaviermorenoarboleda exploringtheexpediencyofblockchainbasedsolutionsreviewandchallenges AT georgiagarani exploringtheexpediencyofblockchainbasedsolutionsreviewandchallenges AT sergioandresarboledazuluaga exploringtheexpediencyofblockchainbasedsolutionsreviewandchallenges |