Authors: Abhishek Taparia; P.K. Nizar Banu
Addresses: Department of Computer Science, CHRIST (Deemed to be University), Bangalore, 560029, India ' Department of Computer Science, CHRIST (Deemed to be University), Bangalore, 560029, India
Abstract: With the development of Bitcoin, organisations, be it businesses or institutions, are centring on leveraging Bitcoin's blockchain technology to nonmonetary based applications to improve efficiency of the activities. Having various benefits like anonymity, decentralised, audibility etc. Blockchain technology can be vastly implemented in various sectors other than financial too. This paper gives an overview the blockchain technology. It briefs about various technical concepts used in the blockchain, its types and where it can be used. It also discusses some proposed applications of the technology and tools or frameworks that can be used to develop such. It also presents the limitations of the technology.
Keywords: blockchain; hash cryptography; mining; hyperledger; PoW; proof-of-work; consensus protocol; smart contracts.
International Journal of Computing Science and Mathematics, 2023 Vol.17 No.2, pp.152 - 165
Received: 11 Feb 2020
Accepted: 18 Jan 2021
Published online: 03 May 2023 *