Executing large-scale processes in a blockchain

Mahalingam Ramkumar

Journal of Capital Markets Studies, 2018, vol. 2, issue 2, 106-120

Abstract: Purpose - The purpose of this paper is to examine the blockchain as a trusted computing platform. Understanding the strengths and limitations of this platform is essential to execute large-scale real-world applications in blockchains. Design/methodology/approach - This paper proposes several modifications to conventional blockchain networks to improve the scale and scope of applications. Findings - Simple modifications to cryptographic protocols for constructing blockchain ledgers, and digital signatures for authentication of transactions, are sufficient to realize a scalable blockchain platform. Originality/value - The original contributions of this paper are concrete steps to overcome limitations of current blockchain networks.

Keywords: Cryptography; Blockchain; Scalability; Transactions; Blockchain networks (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jcmspp:jcms-05-2018-0020

DOI: 10.1108/JCMS-05-2018-0020

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