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VOL. 8, ISSUE 3 (2023)
Considerations for blockchain technology: Approaches, architecture and use cases
Authors
Kapil Bakshi, Kiran Bakshi
Abstract
Blockchain is a new technology, and innovators are just starting to identify the wide-reaching applications and possibilities for businesses and governments. The industry is familiar with public blockchains, the underlying technology powering cryptocurrencies like Bitcoin. At its core, blockchain is a shared ledger of transactions that is decentralized, secure and immutable. With the introduction of decentralized applications and smart contracts, the possibilities for blockchain have expanded far beyond cryptocurrencies. This paper will discuss several aspects of block chain technology and components including, smart contracts, use of peer to peer networks, shared general ledger, security with immutability, proof of work based consensus and programmability. Also concepts of transactions, blocks, mining, and consensus, which lead to various possible blockchain projects. This paper also explorers open source, business blockchain framework, called Hyperledger Fabric. Additionally, the paper will discuss the current state of block technology, with industry use cases. Potential aerospace and aerospace supply chain, applications for enterprise blockchain will be discussed
Pages:1-7
How to cite this article:
Kapil Bakshi, Kiran Bakshi "Considerations for blockchain technology: Approaches, architecture and use cases". International Journal of Advanced Educational Research, Vol 8, Issue 3, 2023, Pages 1-7
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