Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview

One of the most promising technical trends that have taken the world by storm is the blockchain technology which is the underlying mechanism of the bitcoin. It is a distributed, decentralized and innovative technology that is predicted to bring a huge change in the world. This technology is analogou...

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Main Authors: Junejo, A.Z., Memon, M.M., Junejo, M.A., Talpur, S., Memon, R.M.
Format: Article
Institution: Universiti Teknologi Petronas
Record Id / ISBN-0: utp-eprints.24793 /
Published: Springer 2020
Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85085162855&doi=10.1007%2f978-981-15-3284-9_47&partnerID=40&md5=a4e490accafe6efb36c9b27648e8c039
http://eprints.utp.edu.my/24793/
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spelling utp-eprints.247932021-08-27T06:25:07Z Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview Junejo, A.Z. Memon, M.M. Junejo, M.A. Talpur, S. Memon, R.M. One of the most promising technical trends that have taken the world by storm is the blockchain technology which is the underlying mechanism of the bitcoin. It is a distributed, decentralized and innovative technology that is predicted to bring a huge change in the world. This technology is analogous to the Internet with built-in robustness. Although it is currently one of the most researched areas in the domain of information technology, it has a set of its own limitations. This paper discusses the blockchain technology from scratch, starting off with the general introduction followed by presentation of a comprehensive insight into blockchain applications, the current research trends, limitations and potential future directions. The paper concludes that blockchain networks are likely to change the outlook, perspectives and utilization techniques of the information technology industry in the future by decentralizing the World Wide Web and making the traditional business defunct. Moreover, the amalgamation of blockchain technology with IoT and data science is going to open new horizons of research and development in tech world. © Springer Nature Singapore Pte Ltd. 2020. Springer 2020 Article NonPeerReviewed https://www.scopus.com/inward/record.uri?eid=2-s2.0-85085162855&doi=10.1007%2f978-981-15-3284-9_47&partnerID=40&md5=a4e490accafe6efb36c9b27648e8c039 Junejo, A.Z. and Memon, M.M. and Junejo, M.A. and Talpur, S. and Memon, R.M. (2020) Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview. Lecture Notes in Networks and Systems, 118 . pp. 411-419. http://eprints.utp.edu.my/24793/
institution Universiti Teknologi Petronas
collection UTP Institutional Repository
description One of the most promising technical trends that have taken the world by storm is the blockchain technology which is the underlying mechanism of the bitcoin. It is a distributed, decentralized and innovative technology that is predicted to bring a huge change in the world. This technology is analogous to the Internet with built-in robustness. Although it is currently one of the most researched areas in the domain of information technology, it has a set of its own limitations. This paper discusses the blockchain technology from scratch, starting off with the general introduction followed by presentation of a comprehensive insight into blockchain applications, the current research trends, limitations and potential future directions. The paper concludes that blockchain networks are likely to change the outlook, perspectives and utilization techniques of the information technology industry in the future by decentralizing the World Wide Web and making the traditional business defunct. Moreover, the amalgamation of blockchain technology with IoT and data science is going to open new horizons of research and development in tech world. © Springer Nature Singapore Pte Ltd. 2020.
format Article
author Junejo, A.Z.
Memon, M.M.
Junejo, M.A.
Talpur, S.
Memon, R.M.
spellingShingle Junejo, A.Z.
Memon, M.M.
Junejo, M.A.
Talpur, S.
Memon, R.M.
Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview
author_sort Junejo, A.Z.
title Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview
title_short Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview
title_full Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview
title_fullStr Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview
title_full_unstemmed Blockchains Technology Analysis: Applications, Current Trends and Future Directions�An Overview
title_sort blockchains technology analysis: applications, current trends and future directions�an overview
publisher Springer
publishDate 2020
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85085162855&doi=10.1007%2f978-981-15-3284-9_47&partnerID=40&md5=a4e490accafe6efb36c9b27648e8c039
http://eprints.utp.edu.my/24793/
_version_ 1741196869446402048
score 11.62408

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