Applications of Blockchain Technology beyond Cryptocurrency

Miraz, Mahdi H. and Maaruf, Ali (2018) Applications of Blockchain Technology beyond Cryptocurrency. Annals of Emerging Technologies in Computing, 2 (1).

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Abstract

Blockchain (BC), the technology behind the Bitcoin crypto-currency system, is considered to be both alluring and critical for ensuring enhanced security and (in some implementations, non-traceable) privacy for diverse applications in many other domains including in the Internet of Things (IoT) eco-system. Intensive research is currently being conducted in both academia and industry applying the Blockchain technology in multifarious applications. Proof-of-Work (PoW), a cryptographic puzzle, plays a vital role in ensuring BC security by maintaining a digital ledger of transactions, which is considered to be incorruptible. Furthermore, BC uses a changeable Public Key (PK) to record the users' identity, which provides an extra layer of privacy. Not only in cryptocurrency has the successful adoption of BC been implemented but also in multifaceted non-monetary systems such as in: distributed storage systems, proof-of-location, healthcare, decentralized voting and so forth. Recent research articles and projects/applications were surveyed to assess the implementation of BC for enhanced security, to identify associated challenges and to propose solutions for BC enabled enhanced security systems.

Item Type:	Article
Subjects:	Main Topics > Bitcoin Main Topics > Blockchain Projects > BloSSom 2019 Main Topics > Crypto Currency Main Topics > Internet of Things Main Topics > Privacy
Divisions:	Computer Science
Depositing User:	Unnamed user with email richard.dabels@uni-rostock.de
Date Deposited:	03 Sep 2019 16:34
Last Modified:	03 Sep 2019 16:34
URI:	http://blossom.informatik.uni-rostock.de/id/eprint/20

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