Optimizing the Resource Consumption of Blockchain Technology in Business Systems

Juričić Vedran, Radošević Matea and Fuzul Ena
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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
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Persistent link: https://EconPapers.repec.org/RePEc:bit:bsrysr:v:11:y:2020:i:3:p:78-92:n:6

DOI: 10.2478/bsrj-2020-0028

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