Economics at your fingertips  

Optimizing the Resource Consumption of Blockchain Technology in Business Systems

Juričić Vedran, Radošević Matea and Fuzul Ena
Additional contact information
Fuzul Ena: Faculty of Humanities and Social Sciences, University of Zagreb, Croatia

Business Systems Research, 2020, vol. 11, issue 3, 78-92

Abstract: Blockchain technology has gained a great public interest due to the appearance of cryptocurrencies, a digital asset used for exchanging funds. Although blockchain calculations offer the benefits of security and reduced costs, blockchain is still strongly criticised for its lack of usefulness and resource-heavy consumption.

Keywords: blockchain; proof of work; optimization; problem-solving; NP-complete problems (search for similar items in EconPapers)
JEL-codes: C61 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.2478/bsrj-2020-0028

Access Statistics for this article

Business Systems Research is currently edited by Mirjana Pejić Bach

More articles in Business Systems Research from Sciendo
Bibliographic data for series maintained by Peter Golla ().

Page updated 2022-04-16
Handle: RePEc:bit:bsrysr:v:11:y:2020:i:3:p:78-92:n:6