Blockchain Technology and Its Present Study

Posted by adetechnologies1 on May 7th, 2019

Blockchain was formerly planned for Bitcoin, the digital currency everyone is talking about, but as of now, the concept is presently dispersal its wings to reach various other possible uses

what is blockchain?

It is a distributed database that is duplicated across a network of computers. The data is not stored in a single place but distributed across thousands of locations. The changes in the records are handled using hash values that link records with each other.

Durability, toughness, transparency is some of the good key features that come with the blockchain technology. However, according to this research paper, it has been found that the current research done on blockchains is relatively low, possibly because it is a new concept in the world with the first research paper written in 2013.

This research paper examines the research papers on the topic blockchains and relates and contrasts the content, subtopics, challenges and future directions of the blockchain technology. The authors have developed a search protocol that first directed a pilot search with the keyword “blockchain,” and they have found out that 80% of the results were focused on Bitcoin, the first implementation of blockchains, rather than the concept of blockchains itself. Then the search protocol was customized to look for papers that discussed the technology and the target was narrowed down to 41 papers.

The authors have highlighted the fact that the research on blockchains is relatively low. The research paper mainly identifies four questions to which the solutions are sought by analyzing the research papers.  The authors have broadly analyzed the current research topics related to the blockchain, and the results are meaningfully useful for future researchers since the paper discusses the potential future directions in the blockchain field. Rather than simply pointing out, the authors have analyzed in details what’s missing in the current literature about the importance of the missed topics and the subtopics that are related to them.