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Influence of Blockchain Technology and Applications

Influence of Blockchain Technology and Applications

Samenvatting

Blockchain could have a huge impact on the value chain in our society. Examples are efficiency, transparency, ownership, value (transfer), automation and service provision. When we want to understand the world of blockchain, we need to understand the innovation of the currency Bitcoin in 2009 that is built on an underlying technology called Blockchain. Bitcoin is a combination of four individual elements: (1) cryptography, (2) a peer-to-peer network, (3) an open source protocol and (4) a shared ledger. This makes it a phenomenon that people are enthusiastic about. The internet already makes it possible to transfer information quickly, cheaply without paper and without intermediaries being involved. Blockchain gives the same benefits for transferring values. Internet is used to transfer word and image, blockchain for transactions. Blockchain is a combination of two elements: a shared and distributed ledger with synchronized data spread over multiple sites, countries and / or institutions and cryptography: digital token with a monetary value.

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OrganisatieSaxion
AfdelingAcademie FEM
LectoraatBlockchain
Datum2019-09-01
TypeArtikel
TaalEngels

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