The Blockchain Paradigm Change Structure

Vincenzo Morabito ()
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Vincenzo Morabito: Bocconi University

Chapter Chapter 1 in Business Innovation Through Blockchain, 2017, pp 3-20 from Springer

Abstract: Abstract Technological advancements and innovation is constantly evolving and growing at such a fast rate that everyone is required to stay abreast of these advancements and innovations. The paradigm change of Blockchain is not left out from this evolution. The technological concept behind the Blockchain is interestingly closely identical to that of a database. However, it is clearly one of the key concepts that needs to be understood for the future. There are five key concepts that not only need to be understood but also explored in a manner that examines how they interrelate one to another: smart contracts, decentralized consensus, the Blockchain, trusted computing and proof of workProof of work /state. This exciting computing paradigm is critically important because it will be instrumental to the creation of decentralized applications. This chapter will explore 4 main key concepts of Blockchain Technology—Blockchain, Decentralized databases application consensus, Proof of work/stake and Smart contracts—while appreciating the Blockchain paradigm change structure.

Keywords: Capital Market; Business Logic; Domain Name System; Work Scheme; Code Snippet (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-48478-5_1

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DOI: 10.1007/978-3-319-48478-5_1

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