Lua error in Module:Effective_protection_level at line 60: attempt to index field 'TitleBlacklist' (a nil value).
A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a merkle tree root hash).
By design, a blockchain is resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.
Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications, and blockchains which are readable by the public are widely used by cryptocurrencies. Private blockchains have been proposed for business use. Sources such as the Computerworld called the marketing of such blockchains without a proper security model "snake oil".
The first work on a cryptographically secured chain of blocks was described in 1991 by Stuart Haber and W. Scott Stornetta. They wanted to implement a system where document timestamps could not be tampered with. In 1992, Bayer, Haber and Stornetta incorporated Merkle trees to the design, which improved its efficiency by allowing several document certificates to be collected into one block.
The first blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. Nakamoto improved the design in an important way using a Hashcash-like method to add blocks to the chain without requiring them to be signed by a trusted party. The design was implemented the following year by Nakamoto as a core component of the cryptocurrency bitcoin, where it serves as the public ledger for all transactions on the network.
In August 2014, the bitcoin blockchain file size, containing records of all transactions that have occurred on the network, reached 20 GB (gigabytes). In January 2015, the size had grown to almost 30 GB, and from January 2016 to January 2017, the bitcoin blockchain grew from 50 GB to 100 GB in size.
The words block and chain were used separately in Satoshi Nakamoto's original paper, but were eventually popularized as a single word, blockchain, by 2016. The term blockchain 2.0 refers to new applications of the distributed blockchain database, first emerging in 2014. The Economist described one implementation of this second-generation programmable blockchain as coming with "a programming language that allows users to write more sophisticated smart contracts, thus creating invoices that pay themselves when a shipment arrives or share certificates which automatically send their owners dividends if profits reach a certain level."
As of 2016[update], blockchain 2.0 implementations continue to require an off-chain oracle to access any "external data or events based on time or market conditions [that need] to interact with the blockchain."
IBM opened a blockchain innovation research center in Singapore in July 2016. A working group for the World Economic Forum met in November 2016 to discuss the development of governance models related to blockchain.
According to Accenture, an application of the diffusion of innovations theory suggests that blockchains attained a 13.5% adoption rate within financial services in 2016, therefore reaching the early adopters phase. Industry trade groups joined to create the Global Blockchain Forum in 2016, an initiative of the Chamber of Digital Commerce.
In May 2018, Gartner found that only 1% of CIOs indicated any kind of blockchain adoption within their organisations, and only 8% of CIOs were in the short-term ‘planning or [looking at] active experimentation with blockchain’.
A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. This allows the participants to verify and audit transactions inexpensively. A blockchain database is managed autonomously using a peer-to-peer network and a distributed timestamping server. They are authenticated by mass collaboration powered by collective self-interests. The result is a robust workflow where participants' uncertainty regarding data security is marginal. The use of a blockchain removes the characteristic of infinite reproducibility from a digital asset. It confirms that each unit of value was transferred only once, solving the long-standing problem of double spending. Blockchains have been described as a value-exchange protocol. This blockchain-based exchange of value can be completed quicker, safer and cheaper than with traditional systems. A blockchain can assign title rights because, when properly set up to detail the exchange agreement, it provides a record that compels offer and acceptance.
Blocks hold batches of valid transactions that are hashed and encoded into a Merkle tree. Each block includes the cryptographic hash of the prior block in the blockchain, linking the two. The linked blocks form a chain. This iterative process confirms the integrity of the previous block, all the way back to the original genesis block.
Sometimes separate blocks can be produced concurrently, creating a temporary fork. In addition to a secure hash-based history, any blockchain has a specified algorithm for scoring different versions of the history so that one with a higher value can be selected over others. Blocks not selected for inclusion in the chain are called orphan blocks. Peers supporting the database have different versions of the history from time to time. They keep only the highest-scoring version of the database known to them. Whenever a peer receives a higher-scoring version (usually the old version with a single new block added) they extend or overwrite their own database and retransmit the improvement to their peers. There is never an absolute guarantee that any particular entry will remain in the best version of the history forever. Because blockchains are typically built to add the score of new blocks onto old blocks and because there are incentives to work only on extending with new blocks rather than overwriting old blocks, the probability of an entry becoming superseded goes down exponentially as more blocks are built on top of it, eventually becoming very low.:ch. 08 For example, in a blockchain using the proof-of-work system, the chain with the most cumulative proof-of-work is always considered the valid one by the network. There are a number of methods that can be used to demonstrate a sufficient level of computation. Within a blockchain the computation is carried out redundantly rather than in the traditional segregated and parallel manner.
The block time is the average time it takes for the network to generate one extra block in the blockchain. Some blockchains create a new block as frequently as every five seconds. By the time of block completion, the included data becomes verifiable. In cryptocurrency, this is practically when the transaction takes place, so a shorter block time means faster transactions. The block time for Ethereum is set to between 14 and 15 seconds, while for bitcoin it is 10 minutes.
By storing data across its peer-to-peer network, the blockchain eliminates a number of risks that come with data being held centrally. The decentralized blockchain may use ad-hoc message passing and distributed networking.
Peer-to-peer blockchain networks lack centralized points of vulnerability that computer crackers can exploit; likewise, it has no central point of failure. Blockchain security methods include the use of public-key cryptography.:5 A public key (a long, random-looking string of numbers) is an address on the blockchain. Value tokens sent across the network are recorded as belonging to that address. A private key is like a password that gives its owner access to their digital assets or the means to otherwise interact with the various capabilities that blockchains now support. Data stored on the blockchain is generally considered incorruptible.
Every node in a decentralized system has a copy of the blockchain. Data quality is maintained by massive database replication and computational trust. No centralized "official" copy exists and no user is "trusted" more than any other. Transactions are broadcast to the network using software. Messages are delivered on a best-effort basis. Mining nodes validate transactions, add them to the block they are building, and then broadcast the completed block to other nodes.:ch. 08 Blockchains use various time-stamping schemes, such as proof-of-work, to serialize changes. Alternative consensus methods include proof-of-stake. Growth of a decentralized blockchain is accompanied by the risk of centralization because the computer resources required to process larger amounts of data become more expensive.
Open blockchains are more user-friendly than some traditional ownership records, which, while open to the public, still require physical access to view. Because all early blockchains were permissionless, controversy has arisen over the blockchain definition. An issue in this ongoing debate is whether a private system with verifiers tasked and authorized (permissioned) by a central authority should be considered a blockchain. Proponents of permissioned or private chains argue that the term "blockchain" may be applied to any data structure that batches data into time-stamped blocks. These blockchains serve as a distributed version of multiversion concurrency control (MVCC) in databases. Just as MVCC prevents two transactions from concurrently modifying a single object in a database, blockchains prevent two transactions from spending the same single output in a blockchain.:30–31 Opponents say that permissioned systems resemble traditional corporate databases, not supporting decentralized data verification, and that such systems are not hardened against operator tampering and revision. Nikolai Hampton of Computerworld said that "many in-house blockchain solutions will be nothing more than cumbersome databases," and "without a clear security model, proprietary blockchains should be eyed with suspicion."
The great advantage to an open, permissionless, or public, blockchain network is that guarding against bad actors is not required and no access control is needed. This means that applications can be added to the network without the approval or trust of others, using the blockchain as a transport layer.
Bitcoin and other cryptocurrencies currently secure their blockchain by requiring new entries to include a proof of work. To prolong the blockchain, bitcoin uses Hashcash puzzles. While Hashcash was designed in 1997 by Adam Back, the original idea was first proposed by Cynthia Dwork and Moni Naor and Eli Ponyatovski in their 1992 paper "Pricing via Processing or Combatting Junk Mail".
Financial companies have not prioritised decentralized blockchains. In 2016, venture capital investment for blockchain-related projects was weakening in the USA but increasing in China. Bitcoin and many other cryptocurrencies use open (public) blockchains. As of April 2018[update], bitcoin has the highest market capitalization.
Permissioned (private) blockchain
Permissioned blockchains use an access control layer to govern who has access to the network. In contrast to public blockchain networks, validators on private blockchain networks are vetted by the network owner. They do not rely on anonymous nodes to validate transactions nor do they benefit from the network effect.[better source needed] Permissioned blockchains can also go by the name of 'consortium' or 'hybrid' blockchains.
Disadvantages of private blockchain
Nikolai Hampton pointed out in Computerworld that "There is also no need for a '51 percent' attack on a private blockchain, as the private blockchain (most likely) already controls 100 percent of all block creation resources. If you could attack or damage the blockchain creation tools on a private corporate server, you could effectively control 100 percent of their network and alter transactions however you wished." This has a set of particularly profound adverse implications during a financial crisis or debt crisis like the financial crisis of 2007–08, where politically powerful actors may make decisions that favor some groups at the expense of others, and "the bitcoin blockchain is protected by the massive group mining effort. It's unlikely that any private blockchain will try to protect records using gigawatts of computing power—it's time consuming and expensive." He also said, "Within a private blockchain there is also no 'race'; there's no incentive to use more power or discover blocks faster than competitors. This means that many in-house blockchain solutions will be nothing more than cumbersome databases."
Blockchain technology can be integrated into multiple areas. The primary use of blockchains today is as a distributed ledger for cryptocurrencies, most notably bitcoin. There are a few operational products maturing from proof of concept by late 2016.
As of 2016[update], some observers remain skeptical. Steve Wilson, of Constellation Research, believes the technology has been hyped with unrealistic claims. To mitigate risk, businesses are reluctant to place blockchain at the core of the business structure.
Blockchain-based smart contracts are proposed contracts that could be partially or fully executed or enforced without human interaction. One of the main objectives of a smart contract is automated escrow. An IMF staff discussion reported that smart contracts based on blockchain technology might reduce moral hazards and optimize the use of contracts in general. But "no viable smart contract systems have yet emerged." Due to the lack of widespread use their legal status is unclear.
Banks are interested in this technology because it has potential to speed up back office settlement systems.
Banks such as UBS are opening new research labs dedicated to blockchain technology in order to explore how blockchain can be used in financial services to increase efficiency and reduce costs.
Berenberg, a German bank, believes that blockchain is an "overhyped technology" that has had a large number of "proofs of concept", but still has major challenges, and very few success stories.
Blockchain technology can be used to create a permanent, public, transparent ledger system for compiling data on sales, tracking digital use and payments to content creators, such as wireless users  or musicians. In 2017, IBM partnered with ASCAP and PRS for Music to adopt blockchain technology in music distribution. Imogen Heap's Mycelia service has also been proposed as blockchain-based alternative "that gives artists more control over how their songs and associated data circulate among fans and other musicians." Everledger is one of the inaugural clients of IBM's blockchain-based tracking service.
New distribution methods are available for the insurance industry such as peer-to-peer insurance, parametric insurance and microinsurance following the adoption of blockchain. The sharing economy and IoT are also set to benefit from blockchains because they involve many collaborating peers. Online voting is another application of the blockchain.
Other designs include:
- Hyperledger is a cross-industry collaborative effort from the Linux Foundation to support blockchain-based distributed ledgers, with projects under this initiative including Hyperledger Burrow (by Monax) and Hyperledger Fabric (spearheaded by IBM)
- Quorum – a permissionable private blockchain by JPMorgan Chase with private storage, used for contract applications
- Tezos, decentralized voting.:94
- Proof of Existence is an online service that verifies the existence of computer files as of a specific time
On May 8, 2018 Facebook confirmed that it is opening a new blockchain group which will be headed by David Marcus who previously was in charge of Messenger. According to The Verge Facebook is planning to launch its own cryptocurrency for facilitating payments on the platform.
Within the video game industry, while blockchain use is seen as part of a marketplace mechanism, such as with Robot Cache, blockchain is also a way seen to share video game assets between various games. The Blockchain Game Alliance was formed in September 2018 to explore alternative uses of blockchains in video gaming with support of Ubisoft and Fig, among others.
Types of blockchains
Currently, there are three types of blockchain networks - public blockchains, private blockchains and consortium blockchains.
A public blockchain has absolutely no access restrictions. Anyone with an internet connection can send transactions[disambiguation needed] to it as well as become a validator (i.e., participate in the execution of a consensus protocol).[self-published source?] Usually, such networks offer economic incentives for those who secure them and utilize some type of a Proof of Stake or Proof of Work algorithm.
Some of the largest, most known public blockchains are Bitcoin and Ethereum.
A private blockchain is permissioned. One cannot join it unless invited by the network administrators. Participant and validator access is restricted.
This type of blockchains can be considered a middle-ground for companies that are interested in the blockchain technology in general but are not comfortable with a level of control offered by public networks. Typically, they seek to incorporate blockchain into their accounting and record-keeping procedures without sacrificing autonomy and running the risk of exposing sensitive data to the public internet.
A consortium blockchain is often said to be semi-decentralized. It, too, is permissioned but instead of a single organization controlling it, a number of companies might each operate a node on such a network. The administrators of a consortium chain restrict users' reading rights as they see fit and only allow a limited set of trusted nodes to execute a consensus protocol.
In October 2014, the MIT Bitcoin Club, with funding from MIT alumni, provided undergraduate students at the Massachusetts Institute of Technology access to $100 of bitcoin. The adoption rates, as studied by Catalini and Tucker (2016), revealed that when people who typically adopt technologies early are given delayed access, they tend to reject the technology.
Energy use of proof-of-work blockchains
|Cryptocurrencies: looking beyond the hype, Hyun Song Shin, Bank for International Settlements, 2:48|
|Blockchains and Cryptocurrencies: Burn It With Fire, Nicholas Weaver, Berkeley School of Information, 49:47, lecture begins at 3:05|
Nicholas Weaver, of the International Computer Science Institute at the University of California, Berkeley examines blockchain's online security, and the energy efficiency of proof-of-work public blockchains, and in both cases finds it grossly inadequate.
In September 2015, the first peer-reviewed academic journal dedicated to cryptocurrency and blockchain technology research, Ledger, was announced. The inaugural issue was published in December 2016. The journal covers aspects of mathematics, computer science, engineering, law, economics and philosophy that relate to cryptocurrencies such as bitcoin.
The journal encourages authors to digitally sign a file hash of submitted papers, which will then be timestamped into the bitcoin blockchain. Authors are also asked to include a personal bitcoin address in the first page of their papers.
Other articles of the topics Cryptography AND Economics : NeuCoin, AdCoin, CoinJoin, Zclassic, ZenCash (cryptocurrency), Peercoin, Bitcoin Private
Other articles of the topics Information technology AND Economics : Digital currency
Other articles of the topic Information technology : eMix, Streaming media, Central processing unit, Digital currency, RE Engine, Foundation Engine
Other articles of the topic Cryptography : Zclassic, AdCoin, Cryptographic hash function, NeuCoin, Dietbitcoin, BoxyCoin, Securebear
Other articles of the topic Economics : Huptech Web, Marscoin, Sidechain (ledger), NeuCoin, Namecoin, CoinM, Australia Cash
Other articles of the topic Computer science : This Person Does Not Exist
- Changelog – a record of all notable changes made to a project
- Checklist – an informational aid used to reduce failure
- Economics of digitization
- "Blockchains: The great chain of being sure about things". The Economist. 31 October 2015. Archived from the original on 3 July 2016. Retrieved 18 June 2016.
The technology behind bitcoin lets people who do not know or trust each other build a dependable ledger. This has implications far beyond the crypto currency.
- Morris, David Z. (15 May 2016). "Leaderless, Blockchain-Based Venture Capital Fund Raises $100 Million, And Counting". Fortune. Archived from the original on 21 May 2016. Retrieved 23 May 2016.
- Popper, Nathan (21 May 2016). "A Venture Fund With Plenty of Virtual Capital, but No Capitalist". The New York Times. Archived from the original on 22 May 2016. Retrieved 23 May 2016.
- Brito, Jerry; Castillo, Andrea (2013). Bitcoin: A Primer for Policymakers (PDF) (Report). Fairfax, VA: Mercatus Center, George Mason University. Archived (PDF) from the original on 21 September 2013. Retrieved 22 October 2013.
- Trottier, Leo (18 June 2016). "original-bitcoin" (self-published code collection). github. Archived from the original on 17 April 2016. Retrieved 18 June 2016.
This is a historical repository of Satoshi Nakamoto's original bit coin sourcecode
- Narayanan, Arvind; Bonneau, Joseph; Felten, Edward; Miller, Andrew; Goldfeder, Steven (2016). Bitcoin and cryptocurrency technologies: a comprehensive introduction. Princeton: Princeton University Press. ISBN 978-0-691-17169-2. Search this book on
- Iansiti, Marco; Lakhani, Karim R. (January 2017). "The Truth About Blockchain". Harvard Business Review. Harvard University. Archived from the original on 18 January 2017. Retrieved 17 January 2017.
The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.
- Raval, Siraj (2016). "What Is a Decentralized Application?". Decentralized Applications: Harnessing Bitcoin's Blockchain Technology. O'Reilly Media, Inc. pp. 1–2. ISBN 978-1-4919-2452-5. OCLC 968277125. Retrieved 6 November 2016 – via Google Books. Search this book on
- Hampton, Nikolai (5 September 2016). "Understanding the blockchain hype: Why much of it is nothing more than snake oil and spin". Computerworld. Archived from the original on 6 September 2016. Retrieved 5 September 2016.
- Haber, Stuart; Stornetta, W. Scott (January 1991). "How to time-stamp a digital document". Journal of Cryptology. 3 (2): 99–111. CiteSeerX 10.1.1.46.8740. doi:10.1007/bf00196791.
- Bayer, Dave; Haber, Stuart; Stornetta, W. Scott (March 1992). Improving the Efficiency and Reliability of Digital Time-Stamping. Sequences. 2. pp. 329–334. CiteSeerX 10.1.1.71.4891. doi:10.1007/978-1-4613-9323-8_24. ISBN 978-1-4613-9325-2. Search this book on
- Nian, Lam Pak; Chuen, David LEE Kuo (2015). "A Light Touch of Regulation for Virtual Currencies". In Chuen, David LEE Kuo. Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data. Academic Press. p. 319. ISBN 978-0-12-802351-8. Search this book on
- Bheemaiah, Kariappa (January 2015). "Block Chain 2.0: The Renaissance of Money". Wired. Archived from the original on 14 November 2016. Retrieved 13 November 2016.
- Project Bletchley Whitepaper Archived 11 January 2017 at the Wayback Machine, Microsoft, 2016-09-19. Retrieved 2016-12-24.
- Williams, Ann (12 July 2016). "IBM to open first blockchain innovation centre in Singapore, to create applications and grow new markets in finance and trade". The Straits Times. Singapore Press Holdings Ltd. Co. Archived from the original on 14 November 2016. Retrieved 13 November 2016.
- "The future of blockchain in 8 charts". Raconteur. 27 June 2016. Archived from the original on 2 December 2016. Retrieved 3 December 2016.
- "Hype Killer - Only 1% of Companies Are Using Blockchain, Gartner Reports | Artificial Lawyer". Artificial Lawyer. 2018-05-04. Retrieved 2018-05-22.
- Armstrong, Stephen (7 November 2016). "Move over Bitcoin, the blockchain is only just getting started". Wired. Archived from the original on 8 November 2016. Retrieved 9 November 2016.
- Catalini, Christian; Gans, Joshua S. (23 November 2016). "Some Simple Economics of the Blockchain". SSRN Electronic Journal. doi:10.2139/ssrn.2874598. SSRN 2874598.
- Tapscott, Don; Tapscott, Alex (8 May 2016). "Here's Why Blockchains Will Change the World". Fortune. Archived from the original on 13 November 2016. Retrieved 16 November 2016.
- Tucci, Michele (29 November 2015). "Can blockchain help the cards and payments industry?". Tech in Asia. Archived from the original on 19 November 2016. Retrieved 16 November 2016.
- Bhaskar, Nirupama Devi; Chuen, David Lee Kuo (2015). "3 – Bitcoin Mining Technology". In Cheun, David Lee Kuo. Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data. Academic Press. pp. 47–51. ISBN 978-0-12-802117-0. Archived from the original on 25 October 2016. Retrieved 2 December 2016 – via ScienceDirect. Search this book on
- Antonopoulos, Andreas (20 February 2014). "Bitcoin security model: trust by computation". Radar. O'Reilly. Archived from the original on 31 October 2016. Retrieved 19 November 2016.
- Antonopoulos, Andreas M. (2014). Mastering Bitcoin. Unlocking Digital Cryptocurrencies. Sebastopol, CA: O'Reilly Media. ISBN 978-1449374037. Archived from the original on 1 December 2016. Retrieved 3 November 2015. Search this book on
- Nakamoto, Satoshi (October 2008). "Bitcoin: A Peer-to-Peer Electronic Cash System" (PDF). bitcoin.org. Archived (PDF) from the original on 20 March 2014. Retrieved 28 April 2014.
- "Permissioned Blockchains". Explainer. Monax. Archived from the original on 20 November 2016. Retrieved 20 November 2016.
- Muhammad Ghayas. "What does "Block Time" mean in cryptocurrency?". Quora. Retrieved 2018-01-21.
- Redman, Jamie (25 October 2016). "Disney Reveals Dragonchain, an Interoperable Ledger". Bitcoin.com. Archived from the original on 2 November 2016. Retrieved 4 December 2016.
- Antonio Madeira (12 January 2018). "Why is Ethereum different to Bitcoin?". CryptoCompare. Archived from the original on 22 January 2018.
- Kopfstein, Janus (12 December 2013). "The Mission to Decentralize the Internet". The New Yorker. Archived from the original on 31 December 2014. Retrieved 30 December 2014.
The network's 'nodes'—users running the bitcoin software on their computers—collectively check the integrity of other nodes to ensure that no one spends the same coins twice. All transactions are published on a shared public ledger, called the 'block chain.'
- Gervais, Arthur; Karame, Ghassan O.; Capkun, Vedran; Capkun, Srdjan. "Is Bitcoin a Decentralized Currency?". InfoQ. InfoQ & IEEE computer society. Archived from the original on 10 October 2016. Retrieved 11 October 2016.
- Voorhees, Erik (30 October 2015). "It's All About the Blockchain". Money and State. Archived from the original on 1 November 2015. Retrieved 2 November 2015.
- Reutzel, Bailey (13 July 2015). "A Very Public Conflict Over Private Blockchains". PaymentsSource. New York, NY: SourceMedia, Inc. Archived from the original on 21 April 2016. Retrieved 18 June 2016.
- Casey, Michael J. (15 April 2015). "Moneybeat/BitBeat: Blockchains Without Coins Stir Tensions in Bitcoin Community". The Wall Street Journal. Archived from the original on 10 June 2016. Retrieved 18 June 2016.
- "The 'Blockchain Technology' Bandwagon Has A Lesson Left To Learn". dinbits.com. 3 November 2015. Archived from the original on 29 June 2016. Retrieved 18 June 2016.
- DeRose, Chris (26 June 2015). "Why the Bitcoin Blockchain Beats Out Competitors". American Banker. Archived from the original on 30 March 2016. Retrieved 18 June 2016.
- Greenspan, Gideon (19 July 2015). "Ending the bitcoin vs blockchain debate". multichain.com. Archived from the original on 8 June 2016. Retrieved 18 June 2016.
- Tapscott, Don; Tapscott, Alex (May 2016). The Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. ISBN 978-0-670-06997-2. Search this book on
- Barry, Levine (11 June 2018). "A new report bursts the blockchain bubble". MarTech. Retrieved 13 July 2018.
- Buntinx, J.P. (1 May 2016). "The Road To Bitcoin Adoption Passes Through Many Stages". News BTC. Archived from the original on 20 December 2016. Retrieved 4 December 2016.
- Ovenden, James. "Blockchain Top Trends In 2017". The Innovation Enterprise. Archived from the original on 30 November 2016. Retrieved 4 December 2016.
- Bob Marvin (30 August 2017). "Blockchain: The Invisible Technology That's Changing the World". PC MAG Australia. ZiffDavis, LLC. Archived from the original on 25 September 2017. Retrieved 25 September 2017.
- Prisco, Giulio (25 August 2016). "Sandia National Laboratories Joins the War on Bitcoin Anonymity". Bitcoin Magazine. BTC Inc. Archived from the original on 25 November 2016. Retrieved 21 November 2016.
- "Blockchains & Distributed Ledger Technologies". BlockchainHub. Archived from the original on 19 January 2018. Retrieved 18 January 2018.
- Popper, Nathan (27 March 2016). "Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin's". The New York Times. Archived from the original on 24 July 2016. Retrieved 7 February 2017.
- Popper, Nathaniel (27 February 2017). "Business Giants to Announce Creation of a Computing System Based on Ethereum". Archived from the original on 20 June 2017 – via The New York Times.
- Salsman, R.M. (19 September 2013). "The Financial Crisis Was A Failure Of Government, Not Free Markets". Forbes. Retrieved 8 May 2018.
- O'Keeffe, M.; Terzi, A. (7 July 2015). "The political economy of financial crisis policy". Bruegel. Retrieved 8 May 2018.CS1 maint: Multiple names: authors list (link)
- Wilson, Steve (3 May 2016). "Blockchain: Almost Everything You Read Is Wrong". Constellation Research Inc. Archived from the original on 14 November 2016. Retrieved 13 November 2016.
- Katie Martin (27 September 2016). "CLS dips into blockchain to net new currencies". Financial Times. Archived from the original on 9 November 2016. Retrieved 7 November 2016.
- Franco, Pedro (2014). Understanding Bitcoin: Cryptography, Engineering and Economics. John Wiley & Sons. p. 9. ISBN 978-1-119-01916-9. Archived from the original on 14 February 2017. Retrieved 4 January 2017 – via Google Books. Search this book on
- Virtual Currencies and Beyond: Initial Considerations (PDF). IMF Discussion Note. International Monetary Fund. 2016. p. 23. ISBN 978-1-5135-5297-2. Archived (PDF) from the original on 2018-04-14. Retrieved 2018-04-19. Search this book on
- Epstein, Jim (6 May 2016). "Is Blockchain Technology a Trojan Horse Behind Wall Street's Walled Garden?". Reason. Archived from the original on 8 July 2016. Retrieved 29 June 2016.
mainstream misgivings about working with a system that's open for anyone to use. Many banks are partnering with companies building so-called private blockchains that mimic some aspects of Bitcoin's architecture except they're designed to be closed off and accessible only to chosen parties. ... [but some believe] that open and permission-less blockchains will ultimately prevail even in the banking sector simply because they're more efficient.
- Redrup, Yolanda (29 June 2016). "ANZ backs private blockchain, but won't go public". Australia Financial Review. Archived from the original on 3 July 2016. Retrieved 7 July 2016.
Blockchain networks can be either public or private. Public blockchains have many users and there are no controls over who can read, upload or delete the data and there are an unknown number of pseudonymous participants. In comparison, private blockchains also have multiple data sets, but there are controls in place over who can edit data and there are a known number of participants.
- Shah, Rakesh (1 March 2018). "How Can The Banking Sector Leverage Blockchain Technology?". PostBox Communications. PostBox Communications Blog. Archived from the original on 17 March 2018.
Banks preferably have a notable interest in utilizing Blockchain Technology because it is a great source to avoid fraudulent transactions. Blockchain is considered hassle free, because of the extra level of security it offers.
- Kelly, Jemima (28 September 2016). "Banks adopting blockchain 'dramatically faster' than expected: IBM". Reuters. Archived from the original on 28 September 2016. Retrieved 28 September 2016.
- Arnold, Martin (23 September 2013). "IBM in blockchain project with China UnionPay". Financial Times. Archived from the original on 9 November 2016. Retrieved 7 November 2016.
- "UBS leads team of banks working on blockchain settlement system". Reuters. 24 August 2016. Archived from the original on 19 May 2017. Retrieved 13 May 2017.
- "Cryptocurrency Blockchain". capgemini.com. Archived from the original on 5 December 2016. Retrieved 13 May 2017.
- Kelly, Jemima (31 October 2017). "Top banks and R3 build blockchain-based payments system". Reuters. Retrieved 9 July 2018.
- K. Kotobi, and S. G. Bilen, "Secure Blockchains for Dynamic Spectrum Access : A Decentralized Database in Moving Cognitive Radio Networks Enhances Security and User Access", IEEE Vehicular Technology Magazine , 2018.
- "Blockchain Could Be Music's Next Disruptor". 22 September 2016. Archived from the original on 23 September 2016.
- "ASCAP, PRS and SACEM Join Forces for Blockchain Copyright System". Music Business Worldwide. 9 April 2017. Archived from the original on 10 April 2017.
- Burchardi, K.; Harle, N. (20 January 2018). "The blockchain will disrupt the music business and beyond". Wired. Retrieved 8 May 2018.CS1 maint: Multiple names: authors list (link)
- Bartlett, Jamie (6 September 2015). "Imogen Heap: saviour of the music industry?". The Guardian. Archived from the original on 22 April 2016. Retrieved 18 June 2016.
- Nash, Kim S. (14 July 2016). "IBM Pushes Blockchain into the Supply Chain". The Wall Street Journal. Archived from the original on 18 July 2016. Retrieved 24 July 2016.
- Wang, Kevin; Safavi, Ali (29 October 2016). "Blockchain is empowering the future of insurance". Tech Crunch. AOL Inc. Archived from the original on 7 November 2016. Retrieved 7 November 2016.
- Gatteschi, Valentina; Lamberti, Fabrizio; Demartini, Claudio; Pranteda, Chiara; Santamaría, Víctor (20 February 2018). "Blockchain and Smart Contracts for Insurance: Is the Technology Mature Enough?". Future Internet. 10 (2): 20. doi:10.3390/fi10020020. Archived from the original on 15 March 2018.
- "Blockchain reaction: Tech companies plan for critical mass" (PDF). Ernst & Young. p. 5. Archived (PDF) from the original on 14 November 2016. Retrieved 13 November 2016.
- "Online Voting Platform FAQ's". Follow My Vote. Archived from the original on 27 October 2016. Retrieved 7 December 2016.
- Chandra, Prabhul. "Reimagining Democracy: What if votes were a crypto-currency?". democracywithoutborders.org. Archived from the original on 5 February 2018. Retrieved 5 February 2018.
- "CryptoKitties craze slows down transactions on Ethereum". 12 May 2017. Archived from the original on 12 January 2018.
- "IBM Blockchain based on Hyperledger Fabric from the Linux Foundation". www.ibm.com. 9 January 2018. Archived from the original on 7 December 2017. Retrieved 18 January 2018.
- "Why J.P. Morgan Chase Is Building a Blockchain on Ethereum". Fortune. Archived from the original on 2 February 2017. Retrieved 24 January 2017.
- Melanie Swan (2015). Blockchain: Blueprint for a New Economy. O'Reilly Media. pp. 38–39. ISBN 9781491920473. Search this book on
- Wagner, Kurt (8 May 2018). "Facebook is making its biggest executive shuffle in company history". Recode. Retrieved 25 September 2018.
- Gartenberg, Chaim (11 May 2018). "Facebook reportedly plans to launch its own cryptocurrency". The Verge. Retrieved 25 September 2018.
- Mearian, Lucas. "New blockchain ledger will let you sell personal healthcare data". Computerworld. Retrieved 2018-09-11.
- "New blockchain ledger will allow users to sell their healthcare data - TechCentral.ie". TechCentral.ie. 2018-09-06. Retrieved 2018-09-11.
- Aki, Jimmy (September 27, 2018). "Leading Blockchain and Gaming Companies Form Blockchain Game Alliance". Bitcoin Magazine. Retrieved October 21, 2018.
- "How Companies Can Leverage Private Blockchains to Improve Efficiency and Streamline Business Processes". Perfectial.
- Catalini, Christian; Tucker, Catherine E. (11 August 2016). "Seeding the S-Curve? The Role of Early Adopters in Diffusion". SSRN Electronic Journal. doi:10.2139/ssrn.2822729. SSRN 2822729.
- Janda, Michael (18 June 2018). "Cryptocurrencies like bitcoin cannot replace money, says Bank for International Settlements". ABC (Australia). Retrieved 18 June 2018.
- Illing, Sean (11 April 2018). "Why Bitcoin is bullshit, explained by an expert". Vox. Retrieved 17 July 2018.
- Hyun Song Shin (June 2018). "Chapter V. Cryptocurrencies: looking beyond the hype" (PDF). BIS 2018 Annual Economic Report. Bank for International Settlements. Retrieved 19 June 2018.
Put in the simplest terms, the quest for decentralised trust has quickly become an environmental disaster.
- Hiltzik, Michael (18 June 2018). "Is this scathing report the death knell for bitcoin?". Los Angeles Times. Retrieved 19 June 2018.
- Weaver, Nicholas. "Blockchains and Cryptocurrencies: Burn It With Fire". YouTube video. Berkeley School of Information. Retrieved 17 July 2018.
- Extance, Andy (30 September 2015). "The future of cryptocurrencies: Bitcoin and beyond". Nature. 526 (7571): 21–23. doi:10.1038/526021a. ISSN 0028-0836. OCLC 421716612. PMID 26432223. Archived from the original on 12 May 2017.
- "Ledger (eJournal / eMagazine, 2015)". OCLC WorldCat. OCLC. Archived from the original on 11 January 2017. Retrieved 11 January 2017.
- Hertig, Alyssa (15 September 2015). "Introducing Ledger, the First Bitcoin-Only Academic Journal". Motherboard. Archived from the original on 10 January 2017. Retrieved 10 January 2017.
- Rizun, Peter R.; Wilmer, Christopher E.; Burley, Richard Ford; Miller, Andrew (2015). "How to Write and Format an Article for Ledger" (PDF). Ledger. 1 (1): 1–12. doi:10.5195/LEDGER.2015.1 (inactive 11 September 2018). ISSN 2379-5980. OCLC 910895894. Archived (PDF) from the original on 22 September 2015. Retrieved 11 January 2017.
- Crosby, Michael; Nachiappan; Pattanayak, Pradhan; Verma, Sanjeev; Kalyanaraman, Vignesh (16 October 2015). BlockChain Technology: Beyond Bitcoin (PDF) (Report). Sutardja Center for Entrepreneurship & Technology Technical Report. University of California, Berkeley. Retrieved 2017-03-19.
- Kakavand, Hossein; De Sevres, Nicolette Kost; Chilton, Bart (12 October 2016). The Blockchain Revolution: An Analysis of Regulation and Technology Related to Distributed Ledger Technologies (Report). Luther Systems & DLA Piper. SSRN 2849251.
- Mazonka, Oleg (29 December 2016). "Blockchain: Simple Explanation" (PDF). Journal of Reference.
- Tapscott, Don; Tapscott, Alex (2016). Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business and the World. London: Portfolio Penguin. ISBN 978-0-241-23785-4. OCLC 971395169. Search this book on
- Saito, Kenji; Yamada, Hiroyuki (June 2016). What's So Different about Blockchain? Blockchain is a Probabilistic State Machine. IEEE 36th International Conference on Distributed Computing Systems Workshops. Nara, Nara, Japan: IEEE. pp. 168–75. doi:10.1109/ICDCSW.2016.28. ISBN 978-1-5090-3686-8. ISSN 2332-5666. Retrieved 2017-02-15.
- Raval, Siraj (2016). Decentralized Applications: Harnessing Bitcoin's Blockchain Technology. Oreilly. Search this book on
- Bashir, Imran (2017). Mastering Blockchain. Packt Publishing, Ltd. ISBN 978-1-78712-544-5. OCLC 967373845. Search this book on
- D. Puthal, N. Malik, S. P. Mohanty, E. Kougianos, and G. Das, "Everything you Wanted to Know about the Blockchain", IEEE Consumer Electronics Magazine, Volume 7, Issue 4, July 2018, pp. 06–14.
- Subbiah, Kannan; Ferrarini, Benno; Maupin, Julie; Hinojales, Marthe; Guhathakurta, Rahul; Kulshrestha, Sanatan; Wright, Danika "The Age of Blockchain: A Collection of Articles" IndraStra Open Access, 18 March 2018, ISBN 9781980595816 Search this book on .. Retrieved 2018-06-23.
This article "Blockchain" is from Wikipedia. The list of its authors can be seen in its historical. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
|Wikiversity has learning resources about Blockchain|
- Buy vpn fast. Buy vpn for iPhone Buy strong filter, buy peroxyprote, buy metroprote Please visit this website:
- Media related to [[commons:Lua error in Module:WikidataIB at line 466: attempt to index field 'wikibase' (a nil value).|Lua error in Module:WikidataIB at line 466: attempt to index field 'wikibase' (a nil value).]] at Wikimedia Commons
- "Patent Landscape Report on Blockchain by PatSeer Pro". PatSeer. Retrieved 2017-11-03.
- Iran site! Media on Persian language.Read everything you want to know about the world around you on Iran ...More than 1,000 news, entertainment, and science articles are published daily on the Iranian site. In addition to these topics you can learn about the latest in the world of technology and technology, business and academic articles and post them on the mobile app and website, Iran Website follow.Iran Website is a media that will share with you the latest Persian music and popular videos.Don't waste your time on different sites, follow the Iran site. Thousands of news and entertainment articles and articles
- سایت ایران