Abstract
| Original language | English |
|---|---|
| Place of Publication | Espoo |
| Publisher | VTT Technical Research Centre of Finland |
| Number of pages | 55 |
| ISBN (Electronic) | 978-951-38-8649-3 |
| Publication status | Published - 2017 |
| MoE publication type | D4 Published development or research report or study |
Publication series
| Series | VTT Technology |
|---|---|
| Number | 330 |
| ISSN | 2242-1211 |
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Keywords
- blockchain
- blockhain platform
- distributed ledger
- consensus
- blockchain use case
Cite this
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Blockchain review : BOND project (Blockchains Boosting Finnish Industry) report. / Backman, Jere; Valtanen, Kristiina; Laikari, Arto; Vallivaara, Visa; Ilomäki, Juuso.
Espoo : VTT Technical Research Centre of Finland, 2017. 55 p. (VTT Technology; No. 330).Research output: Book/Report › Report
TY - BOOK
T1 - Blockchain review
T2 - BOND project (Blockchains Boosting Finnish Industry) report
AU - Backman, Jere
AU - Valtanen, Kristiina
AU - Laikari, Arto
AU - Vallivaara, Visa
AU - Ilomäki, Juuso
PY - 2017
Y1 - 2017
N2 - Blockchain is a decentralized transaction and data management technologydeveloped first for Bitcoin cryptocurrency. The possibilities of the blockchaintechnology has inspired and fueled an entire ecosystem around it, focused onfully unleashing its potential. The area has had exponential growth in the pastcouple of years, leading to a number of platforms, applications, startups,projects and research around this new invention. Several companies and publicorganizations/foundations develop blockchain platforms that are mostly opensourced. The platforms enable fast prototyping, development and deployment ofnew blockchain applications. There are also new kind of platforms underdevelopment all the time, including Industrial Internet of Things based on theblockchain technology. The feasibility of blockchain technology depends on theuse case where it will be applied. The use case should have clear needs fordatabase shared by multiple parties and multiple writers, consensus, interactingmodifications, trust and undesirability for intermediation. Blockchain technologyhas the potential to improve the efficiency and security of transactions andrecord keeping across a variety of mainstream processes and regulatedindustries. Most of the realized use cases of the blockchain relate to the financialsector, but there are many non-financial use case ideas that might realize in thefuture.
AB - Blockchain is a decentralized transaction and data management technologydeveloped first for Bitcoin cryptocurrency. The possibilities of the blockchaintechnology has inspired and fueled an entire ecosystem around it, focused onfully unleashing its potential. The area has had exponential growth in the pastcouple of years, leading to a number of platforms, applications, startups,projects and research around this new invention. Several companies and publicorganizations/foundations develop blockchain platforms that are mostly opensourced. The platforms enable fast prototyping, development and deployment ofnew blockchain applications. There are also new kind of platforms underdevelopment all the time, including Industrial Internet of Things based on theblockchain technology. The feasibility of blockchain technology depends on theuse case where it will be applied. The use case should have clear needs fordatabase shared by multiple parties and multiple writers, consensus, interactingmodifications, trust and undesirability for intermediation. Blockchain technologyhas the potential to improve the efficiency and security of transactions andrecord keeping across a variety of mainstream processes and regulatedindustries. Most of the realized use cases of the blockchain relate to the financialsector, but there are many non-financial use case ideas that might realize in thefuture.
KW - blockchain
KW - blockhain platform
KW - distributed ledger
KW - consensus
KW - blockchain use case
M3 - Report
T3 - VTT Technology
BT - Blockchain review
PB - VTT Technical Research Centre of Finland
CY - Espoo
ER -