Blockchain technology: principles and applications
Abstract
This chapter expounds the main principles behind blockchain technology and some of its cutting-edge applications. We first present the core concepts of the blockchain. Secondly, we discuss a definition put forward by Vitalik Buterin, we sketch out the shift toward hybrid solutions, and we sum up the main features of decentralized crypto-ledger platforms. Thirdly, we show why the blockchain is a disruptive and foundational technology, but we expose the potential risks and drawbacks of public distributed ledgers that account for the shift toward hybrid solutions. Finally, we present a non-exhaustive list of important applications, bearing in mind the most recent developments.
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Consensus algorithms verify data accuracy, fortifying security and control over data access.
“Furthermore, consensus algorithms verify data accuracy [47], fortifying security and control over data access.”
From Federated learning meets blockchain in decentralized data-sharing: Healthcare use case (2024) · cites this paper as [47]
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- Authors
- Pilkington, M.
- Affiliations
- Laboratoire d'économie de Dijon (FR)
- Corresponding author
- Pilkington, Marc
- ORCID
- Pilkington, Marc
- Venue
- Research Handbook on Digital Transformations
- Publisher
- Edward Elgar Publishing
- Published
- 2016-09-30
- OpenAlex
- W2290426788
- Cited by
- 1,627
- References
- 3
- Citations by year
- 2026: 46 · 2025: 115 · 2024: 178 · 2023: 180 · 2022: 207 · 2021: 219 · 2020: 247 · 2019: 221 · 2018: 147 · 2017: 52 · 2016: 14
- FWCI
- 488.92
- Type
- book chapter
- Language
- en
- Open access
- closed
- Locations
- Edward Elgar Publishing eBooks (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology in Education and Learning
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Digital Transformation in Law
- Keywords
- blockchain, distributed ledger technology, public blockchain, blockchain applications, disruptive technologies
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