Do you Need a Blockchain?
| Autor: | Karl Wüst, Arthur Gervais |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Supply chain management
Blockchain Computer science Transparency (market) media_common.quotation_subject 020206 networking & telecommunications 02 engineering and technology Trusted third party Computer security computer.software_genre Data integrity 0202 electrical engineering electronic engineering information engineering Data Protection Act 1998 020201 artificial intelligence & image processing Use case computer Reputation media_common |
| Zdroj: | CVCBT |
| DOI: | 10.1109/cvcbt.2018.00011 |
| Popis: | Blockchain is being praised as a technological innovation which allows to revolutionize how society trades and interacts. This reputation is in particular attributable to its properties of allowing mutually mistrusting entities to exchange financial value and interact without relying on a trusted third party. A blockchain moreover provides an integrity protected data storage and allows to provide process transparency. In this paper we critically analyze whether a blockchain is indeed the appropriate technical solution for a particular application scenario. We differentiate between permissionless (e.g., Bitcoin/Ethereum) and permissioned (e.g. Hyperledger/Corda) blockchains and contrast their properties to those of a centrally managed database. We provide a structured methodology to determine the appropriate technical solution to solve a particular application problem. Given our methodology, we analyze in depth three use cases - Supply Chain Management, Interbank and International Payments, and Decentralized Autonomous Organizations and conclude the article with an outlook for further opportunities. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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